MicroStrategy Acquires $2.1B Worth of Bitcoin, Total Holdings Now Exceed 423,000 BTC
Posted On December 9, 2024
MicroStrategy (NASDAQ:MSTR) disclosed that it acquired 21,550 Bitcoin (CRYPTO: BTC) for approximately $2.1 billion in the first week of December.
What Happened: The company paid an average of $98,783 per Bitcoin, factoring in fees and expenses, according to a filing with the U.S. Securities and Exchange Commission (SEC).
The purchase was financed through the issuance and sale of 5,418,449 company shares, generating net proceeds of about $2.13 billion.
MicroStrategy, led by Executive Chairman Michael Saylor, has expanded its bitcoin holdings to 423,650 BTC, valued at approximately $42 billion at current market prices.
This total represents more than …
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