MicroStrategy's Latest Bitcoin Acquisition

MicroStrategy Inc. has made headlines once again with its latest Bitcoin acquisition. In a filing report on Monday, the company revealed that it had purchased approximately 15,400 Bitcoins for around $1.5 billion in cash. This acquisition was made at an average price of $95,976 per Bitcoin between November 25 and December 1.

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

Stock Sales and Market Reaction

During the same period, MicroStrategy also sold an aggregate of 3,728,507 shares for net proceeds of around $1.48 billion under a Sales Agreement with several major financial institutions. After this transaction, the company had $11.3 billion of shares left available for issuance and sale.

The company's stock saw a slight increase, rising 0.75% during premarket hours and selling for $387.47 at 8:41 am ET.