Business intelligence firm and corporate bitcoin holder MicroStrategy acquired an additional 51,780 BTC for approximately $4.6 billion at an average price of $88,627 per bitcoin between Nov. 11 and Nov. 17, according to a Securities and Exchange Commission filing on Monday.
It represents the company's largest to date and follows the sale of 13,593,865 MicroStrategy shares to fund the transactions. The company said it has approximately $15.3 billion worth of shares available for sale as part of its planned $21 billion equity offering and $21 billion in fixed income securities, targeting $42 billion in capital over the next three years for further bitcoin acquisitions.
The company now holds 331,200 BTC, worth roughly $29.7 billion. MicroStrategy’s total holdings were bought at an average price of $49,874 per bitcoin, a total cost of around $16.5 billion, including fees and expenses, according to the company's co-founder and executive chairman, Michael Saylor.
The latest announcement follows news last Monday that MicroStrategy had acquired approximately 27,200 bitcoin for roughly $2.03 billion in cash at an average estimated price of $74,463 per coin, including fees and expenses.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
