MicroStrategy Adds to Its Bitcoin Holdings

MicroStrategy Inc. has made a significant investment in Bitcoin, acquiring approximately 15,400 Bitcoins for around $1.5 billion in cash. This purchase, made between November 25 and December 1, was at an average price of $95,976 per Bitcoin.

With this latest acquisition, the software company and its subsidiaries now hold around 402,110 Bitcoins, which were acquired for approximately $23.4 billion at an average purchase price of $58,263 per Bitcoin.

In addition to its Bitcoin purchases, MicroStrategy also sold an aggregate of 3,728,507 shares during the same period, raising net proceeds of approximately $1.48 billion. This sale was conducted under a Sales Agreement with several major financial institutions, leaving the company with $11.3 billion of shares available for future issuance and sale.

The company's stock saw a modest increase of 0.75% during premarket hours, trading at $387.47 at 8:41 am ET.