MicroStrategy Buys 7002 More Bitcoin for 414 Million

MicroStrategy Buys 7002 More Bitcoin for 414 Million

Technology
November 29, 2021 by mvp00
27
MicroStrategy has added 7,002 bitcoin to its holdings in a purchase of approximately $414.4 million, an average price of $59,187 per BTC, the company disclosed in a filing with the Securities and Exchange Commission (SEC). The software intelligence firm now holds around 121,044 BTC acquired at an aggregate purchase price of $3.57 billion, averaging approximately
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MicroStrategy has added 7,002 bitcoin to its holdings in a purchase of approximately $414.4 million, an average price of $59,187 per BTC, the company disclosed in a filing with the Securities and Exchange Commission (SEC). The software intelligence firm now holds around 121,044 BTC acquired at an aggregate purchase price of $3.57 billion, averaging approximately $29,534 per bitcoin.

The company financed the acquisition by selling class A common stock, which the company previously disclosed in June. According to the filing, the company had issued and sold 571,001 shares for $414.4 million during the fourth quarter, between October 1 and November 29. Each share sold for an average price of $732.16.



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