MicroStrategy recently used proceeds from its stock sales to purchase an additional 15,400 Bitcoin for $1.5 billion, increasing its total Bitcoin holdings to 402,100. The acquisition was made at an average price of $95,976 per Bitcoin, marking one of the highest purchase prices in the company’s history. MicroStrategy’s total Bitcoin investment now stands at $23.4 billion, with an average acquisition cost of $58,263 per Bitcoin.
This purchase was financed through $1.48 billion in proceeds from the sale of 3.7 million Class A shares conducted between November 25 and December 1. The stock sale, executed in partnership with brokers like TD Securities and Barclays Capital, underscores MicroStrategy’s strong commitment to Bitcoin and further solidifies its position in the market.
