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MicroStrategy | 8-K: Current report

SEC ·  Sep 13 20:06

Summary by Futu AI

MicroStrategy Incorporated reported on September 13, 2024, that it had acquired approximately 18,300 bitcoins between August 6, 2024, and September 12, 2024, for about $1.11 billion in cash, averaging $60,408 per bitcoin. The purchase was funded through proceeds from the sale of class A common stock under a previously disclosed Sales Agreement with multiple sales agents. As of September 12, the company's total bitcoin holdings reached approximately 244,800, acquired at an average price of $38,585 per bitcoin. Additionally, MicroStrategy sold 8,048,449 shares under the Sales Agreement, resulting in net proceeds of approximately $1.11 billion. The company also disclosed its BTC Yield KPI, showing a 4.4% yield from July 1 to September 12, 2024, and a 17.0% yield from the start of the year to September 12. The BTC Yield KPI is used to assess the performance of the company's strategy of acquiring bitcoin in a manner believed to be accretive to shareholders.
MicroStrategy Incorporated reported on September 13, 2024, that it had acquired approximately 18,300 bitcoins between August 6, 2024, and September 12, 2024, for about $1.11 billion in cash, averaging $60,408 per bitcoin. The purchase was funded through proceeds from the sale of class A common stock under a previously disclosed Sales Agreement with multiple sales agents. As of September 12, the company's total bitcoin holdings reached approximately 244,800, acquired at an average price of $38,585 per bitcoin. Additionally, MicroStrategy sold 8,048,449 shares under the Sales Agreement, resulting in net proceeds of approximately $1.11 billion. The company also disclosed its BTC Yield KPI, showing a 4.4% yield from July 1 to September 12, 2024, and a 17.0% yield from the start of the year to September 12. The BTC Yield KPI is used to assess the performance of the company's strategy of acquiring bitcoin in a manner believed to be accretive to shareholders.

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