CryptoBitcoinMicrostrategy stock offering, another 16,000 bitcoin purchases

Microstrategy stock offering, another 16,000 bitcoin purchases

MicroStrategy (NASDAQ:MSTR) today entered into a selling arrangement with Cowen, Canaccord Genuity, and BTIG, acting as selling agents. Under the terms of the agreement, MicroStrategy has the option to offer and sell, from time to time through the agents, shares of its Class A common stock at a par value of $0.001 per share. The aggregate potential sales of these shares could reach up to $750.0 million.

In a separate update regarding its bitcoin activities, MicroStrategy announced that it and its subsidiaries acquired approximately 16,130 bitcoins between November 1 and November 29. This acquisition was made for approximately $593.3 million in cash, or an average of approximately $36,785 per bitcoin, including fees and expenses.

As of November 29, 2023, MicroStrategy and its subsidiaries collectively held approximately 174,530 bitcoins. These were purchased for an aggregate of approximately $5.280 billion at an average purchase price of approximately $30,252 per bitcoin.

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Andrew
Andrew
Self-taught investor with over 5 years of financial trading experience Author of numerous articles for hedge funds with over $5 billion in cumulative AUM and Worked with several global financial institutions. After finding success using his financial acumen to build an investment portfolio, Andrew began writing and editing articles about the cryptocurrency space for sites such as chaincryptocoins.com, ensuring readers were kept up to date on hot topics such as Bitcoin and The latest news on digital currencies and Ethereum.

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