Microstrategy, Inc. (NASDAQ🙂 has expanded its already sizable bitcoin holdings with a new purchase of approximately 18,300 bitcoins, the company revealed in a regulatory filing on September 13, 2024.
The acquisition, which took place between August 6 and September 12, 2024, amounted to $1.11 billion in cash, with an average price of $60,408 per bitcoin, including fees and expenses.
This latest acquisition boosts MicroStrategy’s total bitcoin holdings to roughly 244,800 bitcoins, acquired at an aggregate purchase price of $9.45 billion.
The company’s average purchase price per bitcoin now stands at approximately $38,585, inclusive of fees and expenses.
The company said the purchase was funded through the sale of shares under an existing $2 billion at-the-market (ATM) stock issuance program.
As part of this program, MicroStrategy sold 8,048,449 shares…
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