• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Microstrategy acquires another 55,500 bitcoins

by November 25, 2024
written by November 25, 2024

Investing.com — MicroStrategy, Inc. (MSTR) has significantly expanded its Bitcoin holdings once again, purchasing approximately 55,500 bitcoins for $5.4 billion in cash between November 18 and November 24, 2024.

The company revealed in a filing released Monday that the purchase was executed at an average price of $97,862 per bitcoin, inclusive of fees and expenses.

The funding for this major acquisition was drawn from two sources: the company’s recent $3 billion convertible notes offering and proceeds from the sale of shares under its at-the-market (ATM) equity program.

The convertible senior notes, due 2029, featured a 0% interest rate and a conversion premium of 55% over the stock’s weighted average trading price, raising approximately $2.97 billion in net proceeds.

Additionally, MicroStrategy raised $2.46 billion by selling 5.6 million shares of its Class A common stock through multiple sales agents.

Following its latest Bitcoin acquisition, MicroStrategy now holds a total of approximately 386,700 bitcoins, valued at an aggregate purchase price of $21.9 billion.

The company’s average acquisition cost for these holdings stands at $56,761 per bitcoin, including fees and expenses.

MicroStrategy has remained committed to its Bitcoin strategy, with CEO Michael Saylor frequently positioning the cryptocurrency as a strategic asset for the company. This latest purchase underscores the firm’s confidence in the premier cryptocurrency.

As of November 24, 2024, the company still has $12.8 billion available for issuance and sale under its ATM equity program, leaving room for potential further investment in Bitcoin or other corporate initiatives.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
B&Q owner Kingfisher well stocked for Christmas as early shipping pays off
next post
EU not close to deal with China on EV tariffs, officials say

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025
    • This California startup is cleaning water and removing CO₂ from the atmosphere — all at a reduced cost

      June 5, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (504)
    • Stock (6,426)

    Latest News

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

    Popular News

    • China’s Xi expects 2024 GDP growth of around 5%, state media says
    • U.K. economy shrinks unexpectedly in October

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy