Leading business intelligence company MicroStrategy increases its #Bitcoin holdings by 21,550 BTC, bringing its total holdings to over 400,000 BTC.
The company emphasized its commitment to Bitcoin as a reserve asset as it confirmed another groundbreaking purchase. MicroStrategy announced the development through a recent filing with the U.S. Securities and Exchange Commission (SEC).
MicroStrategy Buys 21,550 Bitcoin for $2.1 Billion
According to the announcement, the company splashed $2.1 billion to acquire 21,550 Bitcoin between December 2 and December 8, 2024. Notably, they paid an aggregate purchase price of $98,783 per Bitcoin, which included fees and other expenses.
Per the announcement, MicroStrategy acquired the Bitcoin tokens using proceeds from its recent stock sales. Specifically, it sold 5,418,449 (5.41 million) of its Class A common stock during the same period.
Following the sales, MicroStrategy raised $2.13 billion, with 98.59% of the proceeds used to finance its latest Bitcoin purchase.
