MicroStrategy Does Not Turn Back From This Road: $1.5 Billion Bitcoin Announcement - Koin Bülteni

robot
Abstract generation in progress

MicroStrategy, using the proceeds from recent stock sales, made a significant Bitcoin purchase.

The company has purchased an additional 15,400 Bitcoins by spending approximately 1.5 billion dollars between November 25, 2024 and December 1, 2024. This purchase increases the company's total Bitcoin holdings to 402,100, once again demonstrating MicroStrategy's commitment to Bitcoin.

Revenue from a $1.48 billion share sale

MicroStrategy had planned to sell a total of $21 billion worth of shares as part of the sales agreement signed with brokerage firms such as TD Securities, Barclays Capital, and Cantor Fitzgerald on October 30, 2024. As part of this, it sold approximately 3,728,507 Class A shares between November 25 and December 1, generating a net income of approximately $1.48 billion.

This profit was used directly to purchase Bitcoin.

MicroStrategy bought 15,400 Bitcoins at an average price of $95,976. This stands out as one of the highest-priced purchases the company has made to date. The company's total Bitcoin holdings currently stand at 402,100, with the total cost of these assets reaching approximately $23.4 billion. MicroStrategy's average Bitcoin purchase price was recorded at $58,263.

BTC-0.71%
KAS-2.67%
ALD-8.17%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)