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MicroStrategy Purchases Another 15,400 Bitcoin for $1.5 billion, Now Holds 402,100 BTC

Twitter icon  •  Published il y a 1 jour  •  Hassan Maishera

MicroStrategy has purchased 15,400 bitcoins for $1.5 billion after selling over 3.7 million shares, bringing its total BTC holdings to 402,100 BTC, worth over $38 billion.

TL;DR

  • MicroStrategy has acquired 15,400 bitcoins for $1.5 billion.

  • The company now holds over 400k bitcoins.

MicroStrategy Adds Another $1.5B Worth of Bitcoins

Business intelligence firm MicroStrategy continues its Bitcoin acquisition by spending $1.5 billion to buy 15,400 bitcoins. According to an 8-K filing with the Securities and Exchange Commission on Monday, the company bought these bitcoins at an average price of $95,976 per bitcoin between Nov. 25 and Dec. 1

The purchase came after the company sold 3,728,507 MicroStrategy shares during the same period for $1.5 billion. As of Dec. 1, MicroStrategy said approximately $11.3 billion worth of shares remained available for sale as part of its planned $21 billion equity offering and $21 billion in fixed-income securities, targeting a total $42 billion capital raise over the next three years for further bitcoin acquisitions.

Thanks to this latest acquisition, MicroStrategy now holds 402,100 BTC, worth over $38 billion. The company’s total BTC holdings were purchased at an average price of $58,263 per bitcoin, a total cost of around $23.4 billion, including fees and expenses.

This latest development comes roughly two weeks after the company purchased an additional 51,780 for $4.6 billion. 

As a Bitcoin Maxi, Michael Saylor recently advised Microsoft CEO Satya Nadella and its board of directors to include Bitcoin as one of its treasury assets. Bitcoin is up less than 1% in the last 24 hours and now trades above $96k per coin.

 

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.