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, which took place between November 25 and December 1, was made at an average price of $95,976 per Bitcoin.

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

In addition to its Bitcoin purchases, MicroStrategy also sold a significant number of its shares. The company sold an aggregate of 3,728,507 shares for net proceeds of approximately $1.48 billion under a Sales Agreement with several major financial institutions. Following this transaction, MicroStrategy has $11.3 billion of shares available for issuance and sale.

Despite the large-scale transactions, MicroStrategy's stock remained relatively stable. The company's stock rose by 0.75% during premarket hours and was trading at $387.47 at 8:41 am ET.