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

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

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

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

MicroStrategy Dropped From S&P Small Cap 600 Index

It appears that not everyone on the institutional side of capital markets is in love...

Sunday, September 5, 2021, 09:00:00 AM

Michael Saylor Steps Down as CEO of MicroStrategy

This afternoon after the bell Michael Saylor officially stepped down from his role as the...

Tuesday, August 2, 2022, 06:33:49 PM

Japan’s Metaplanet Surges 90% On Bitcoin Investment Copying MicroStrategy

Tokyo-listed Metaplanet, a Web3 infrastructure provider, experienced a remarkable surge in its stock, climbing nearly...

Tuesday, April 9, 2024, 10:29:00 AM

MicroStrategy Files For $500 Million At The Market Financing To Buy Bitcoin

MicroStrategy (NASDAQ: MSTR) is looking to again dilute shareholders, seemingly in an effort to prop...

Saturday, September 10, 2022, 11:03:00 AM

MicroStrategy’s Michael Saylor Defends Bitcoins Environmental Impact: “Most Efficient, Cleanest Industrial Use Of Electricity”

MicroStrategy (Nasdaq: MSTR) Executive Chairman Michael Saylor defends bitcoin anew regarding its impact on the...

Thursday, September 15, 2022, 10:15:17 AM