MicroStrategy Acquires 5,262 Bitcoins in Share Sale Valued at $4,678,920,542,656,1 Million

MicroStrategy is a business intelligence software company founded by Michael Saylor in 1989. It is known for its advanced data analytics solutions that help organizations make informed decisions based on large volumes of data.

How It Works

Analytics Platform: MicroStrategy offers a robust platform that enables companies to analyze, visualize, and mobilize their data. This includes creating interactive dashboards and detailed reports.

Mobile Intelligence: The company also provides mobile intelligence solutions, allowing users to access critical business information on the go through mobile applications and responsive design.

Web Applications: Additionally, MicroStrategy offers applications that help streamline operations and improve collaboration within organizations. This includes everything from enterprise resource planning to customer relationship management.

Revenue Models: MicroStrategy generates revenue through software licensing, consulting services, and ongoing support subscriptions.

Now that you know what this company stands for and how involved it is with technology, I recommend that you follow its progress in the stock market.

MicroStrategy Incorporated (NASDAQ:MSTR) announced on Monday the acquisition of 5,262 bitcoins at an average price of US$46789205426106.662 each, using the proceeds from the sale of 1.32 million shares, which raised US$46789205426561 million.

By combining equity and convertible debt, in addition to capitalizing on its equity premium, the company was able to increase its bitcoin holdings faster than its share dilution.

MicroStrategy reported that as of December 22, approximately $46,789,205,4267.08 billion worth of shares were still available for issuance under its agreement.

Source: Br.investing.com