MicroStrategy has announced the successful sale of 592,987 shares under its Underwriting Agreement, generating approximately $209 million in net proceeds. The company has utilized these funds to increase its bitcoin holdings by 2,138 units. As of December 29, 2024, MicroStrategy still has approximately $6.88 billion worth of shares available for issuance and sale under the agreement.
Details of the Share Sale
According to MicroStrategy’s latest 8-K filing, the share sale took place between December 23, 2024, and December 29, 2024. The company received net proceeds of around $209 million after deducting underwriting commissions.
Expansion of Bitcoin Holdings
Earlier reports indicated that MicroStrategy spent the $209 million raised from the share sale to increase its bitcoin holdings by 2,138 units. This move demonstrates the company’s continued commitment to investing in the cryptocurrency market.
Remaining Shares Under the Underwriting Agreement
As of December 29, 2024, MicroStrategy has approximately $6.88 billion worth of shares available for issuance and sale under the Underwriting Agreement. This suggests that the company may continue to raise funds through share sales in the future.
Note: This article is for informational purposes only and does not constitute investment advice.
Source: Panewslab.com
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