MicroStrategy Acquires 6,556 Bitcoin For $555.8 Million
MicroStrategy (NASDAQ: MSTR) has once again purchased more bitcoin following the sale of its shares on the open market via an at-the-market financing.
The company has acquired an addition 6,556 bitcoin, at an average purchase price of $84,785 per bitcoin, for a total purchase price of $555.8 million. MicroStrategy now holds 538,200 bitcoin at an average purchase price of $67,766, which were acquired for an aggregate purchase price of $36.47 billion.
The purchase, which happened from April 14 through to April 20, follows the company selling 1.8 million shares for gross proceeds of $547.7 million, in addition to the sale of 91,213 shares of 8.00% Series A perpetual strike preferred stock, for proceeds of $7.8 million.
MicroStrategy last traded at $317.20 on the Nasdaq.
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