Following the announcement of listing on the Nasdaq Stock Exchange.. MicroStrategy makes a new purchase of Bitcoin
December 16, 2024
MicroStrategy Incorporated revealed that it purchased the equivalent of an additional 15,350 Bitcoins for $1.5 billion in cash between December 9 and December 15, at an average price of approximately $100,386 per Bitcoin.
According to the company’s filing with the Securities and Exchange Commission, the deal was financed with proceeds from the issuance and sale of shares under the sales agreement. Also, MicroStrategy stated that as of today, Monday, December 16, its total Bitcoin holdings amounted to 439,000 Bitcoin.
MicroStrategy also explained that the total cost of purchasing the assets is approximately $27.1 billion, at an average price of $61,725 per Bitcoin, including fees and expenses.
The latest Bitcoin purchase comes after the Nasdaq Stock Exchange revealed that it will list the company on the Nasdaq 100 Index starting December 23.
