MicroStrategy announced that it purchased 2,138 Bitcoins between December 23 and December 29, 2024.
The company announced that it spent a total of $209 million in cash on these purchases, paying an average of $97,837 per Bitcoin. It was stated that the purchases were made with the proceeds of the company's previously announced $21 billion share sale deal.
$209 million in proceeds from stock sales
MicroStrategy announced on December 30 that it sold a total of 592,987 Class A common shares under the share sales agreement between December 23 and December 29, and that it earned approximately $209 million in net proceeds from these sales. It was stated that the company has the capacity to sell an additional $6.88 billion worth of shares under this sales agreement.
Bitcoin portfolio continues to grow
MicroStrategy, along with its subsidiaries, reportedly owns a total of 446,400 Bitcoins as of Dec. 29. The company has spent a total of $27.9 billion on Bitcoin purchases to date, with the average cost of those purchases coming in at $62,428 per Bitcoin.
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