MicroStrategy's Latest Bitcoin Acquisition

MicroStrategy Inc. has announced in a filing report that it has acquired approximately 15,400 Bitcoins for around $1.5 billion in cash. The purchase was made at an average price of $95,976 per Bitcoin between November 25 and December 1.

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

The filing report also revealed that during the same period, MicroStrategy sold an aggregate of 3,728,507 shares for net proceeds of around $1.48 billion under a Sales Agreement with several securities firms. After this transaction, MicroStrategy had $11.3 billion of shares left available for issuance and sale.

The company's stock experienced a 0.75% increase during premarket hours and was trading at $387.47 at 8:41 am ET.