MicroStrategy Buys 7002 More Bitcoin for 414 Million

MicroStrategy Buys 7002 More Bitcoin for 414 Million

Technology
November 29, 2021 by mvp00
9
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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