MicroStrategy Acquires 55,500 Bitcoins for About $5.4B Between Nov 18 - 24

Tiger Newspress11-25

MicroStrategy shares gained another 3% in premarket trading on Monday.

MicroStrategy acquired 55,500 bitcoins for about $5.4 billion from Nov. 18-24.

In a regulatory filing, the company announced that, during the period between November 18 and November 24, the company acquired approximately 55,500 bitcoins for approximately $5.4B in cash, at an average price of approximately $97,862 per bitcoin, inclusive of fees and expenses.

The bitcoin purchases were made using proceeds from the Convertible Notes Offering and the issuance and sale of shares under the Sales Agreement, both of which were previously announced.

As of November 24, the company, together with its subsidiaries, held an aggregate of approximately 386,700 bitcoins, which were acquired at an aggregate purchase price of approximately $21.9B and an average purchase price of approximately $56,761 per bitcoin, inclusive of fees and expenses, MicroStrategy noted.

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