In November, MicroStrategy (MSTR), illustrious as the leading corporate beholder of bitcoin (BTC), augmented its treasury considerably. The company acquired an impressive 16,130 BTC, equivalent to a staggering $608 million at contemporary valuations.
related: MicroStrategy Expands Bitcoin Holdings with $147 Million Purchase of 5,445 Bitcoins
The eminent software developer, founded by Michael Saylor, procured the aforementioned bitcoins at an expenditure of roughly $593.3 million in cash. The company’s average disbursement per bitcoin was approximately $36,785, as disclosed in a regulatory filing on Thursday.
Consequently, MicroStrategy’s total bitcoin holdings have burgeoned to 174,530 BTC, with an average purchase price of nearly $30,252 per coin.
related: Microstrategy Scores Big Gains $170M+ On Bitcoin Holdings
This November acquisition signifies an expedited pace in MicroStrategy’s Bitcoin procurement endeavors. By the conclusion of October, the company possessed 158,400 BTC, having obtained 6,607 BTC since the initiation of the year’s third quarter. Quite remarkably, the firm has now amplified its bitcoin holdings by over 10% within a single month.
In addition to its cryptocurrency pursuits, MicroStrategy has forged an agreement with Cowen and Company, Canaccord Genuity, and BTIG. This alliance aims to proffer up to $750 million in class A common stock.
You can track Microstrategy’s Bitcoin purchases here – https://saylortracker.com/
During initial trading on the Nasdaq, MSTR shares experienced a slight decline of 0.82%, settling at $502.96.
Metric | Value |
---|---|
Bitcoin Acquired in November | 16,130 BTC |
Acquisition Expenditure | $593.3 million |
Average Bitcoin Cost | $36,785 per BTC |
Total Bitcoin Holdings | 174,530 BTC |
Cumulative Purchase Price | $30,252 per BTC |
Increase in Bitcoin Holdings | Over 10% in a month |
Agreement Partners | Cowen and Company, Canaccord Genuity, BTIG |
Potential Class A Stock Offering | Up to $750 million |
Initial Trading MSTR Shares Decline | 0.82% decrease, settling at $502.96 on Nasdaq |
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