MicroStrategy Acquires 7,002 Bitcoin From ATM Financing Proceeds

Evidently MicroStrategy Inc (NASDAQ: MSTR) is in the business of effectively exchanging shares for bitcoin. The company this morning provided the market with an update to its current bitcoin holdings, indicating it has acquired a total of 7,002 additional bitcoins.

The latest announcement brings the total bitcoin holdings of the company to 121,044. The latest round, which was conducted in the current fourth quarter to date, saw the additional BTC acquired at an average price of $59,187 per each, with a total of $414.4 million spent on the coins.

Overall, following the purchase the company has seen the average price paid across all of its bitcoin holdings rise to $29,534.

Comparatively, under the currently ongoing $1.0 billion at-the-market financing being conducted by the company, the firm in the fourth quarter has likewise sold $414.4 million in company stock directly to investors. A total of 571,001 shares were sold at an average price of $732.16 per share, which based on the dollar value alone, went directly into bitcoin purchases.

MicroStrategy last traded at $663.00 on the Nasdaq.


Information for this briefing was found via Edgar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Snowline Gold: The Multi Billion Dollar Valley PEA

Euro Sun: Rovina Copper-Gold Project Secures Some Major Funding

Arizona Metals: The Disappointing Kay Mine Resource Estimate

Recommended

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

Evergrande: Big Idea Cash Is Crumbling With Michael Saylor

Joining us this afternoon on the Daily Dive is special guest Michael Saylor, CEO of...

Sunday, September 26, 2021, 04:05:00 PM

MicroStrategy Records US$134.5 Million In Revenue, US$90.0 Million Net Loss In Q4 2021

It seems MicroStrategy’s (Nasdaq: MSTR) multiple bitcoin purchases are taking a toll on its bottomline....

Wednesday, February 2, 2022, 10:09:00 AM

Saylor’s Latest Bitcoin Strategy Could Leave MicroStrategy With A $2B Annual Tab

Michael Saylor’s once-swaggering Bitcoin strategy seems to be coming to a close as share issuances...

Tuesday, June 3, 2025, 08:07:27 AM

MicroStrategy Acquires 6,556 Bitcoin For $555.8 Million

MicroStrategy (NASDAQ: MSTR) has once again purchased more bitcoin following the sale of its shares...

Monday, April 21, 2025, 08:44:44 AM

Did A Hedge Fund Blow Up In The MicroStrategy Squeeze?

Observers in fintwit world witnessed a rollercoaster ride as a hedge fund’s risky trading strategy...

Wednesday, March 20, 2024, 02:22:00 PM