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MicroStrategy | 8-K: MicroStrategy Acquires 3,000 Bitcoins for $155.4 Million

SEC announcement ·  Feb 26 21:05
Summary by Futu AI
MicroStrategy Incorporated has reported the acquisition of approximately 3,000 bitcoins between February 15, 2024, and February 25, 2024, for a total of $155.4 million in cash, averaging $51,813 per bitcoin. This purchase was funded through proceeds from the sale of class A common stock shares and excess cash. As of February 25, 2024, the company's total bitcoin holdings amount to approximately 193,000 bitcoins, purchased at an average price of $31,544 per bitcoin, totaling around $6.09 billion. Additionally, MicroStrategy announced the completion of its class A common stock shares offering under a previously disclosed Sales Agreement with Cowen and Company, LLC, Canaccord Genuity LLC, and BTIG, LLC. The company successfully sold 1,272,077 shares for aggregate gross proceeds of approximately $750.0 million, with $137.8 million of this amount raised since the start of 2024.
MicroStrategy Incorporated has reported the acquisition of approximately 3,000 bitcoins between February 15, 2024, and February 25, 2024, for a total of $155.4 million in cash, averaging $51,813 per bitcoin. This purchase was funded through proceeds from the sale of class A common stock shares and excess cash. As of February 25, 2024, the company's total bitcoin holdings amount to approximately 193,000 bitcoins, purchased at an average price of $31,544 per bitcoin, totaling around $6.09 billion. Additionally, MicroStrategy announced the completion of its class A common stock shares offering under a previously disclosed Sales Agreement with Cowen and Company, LLC, Canaccord Genuity LLC, and BTIG, LLC. The company successfully sold 1,272,077 shares for aggregate gross proceeds of approximately $750.0 million, with $137.8 million of this amount raised since the start of 2024.
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