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.
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