MicroStrategy acquires 18,300 Bitcoin, expands holdings

MicroStrategy’s $1.11 billion Bitcoin purchase was funded by selling over eight million company shares through a sales agreement.

MicroStrategy, a publicly traded business intelligence and software company, has announced the acquisition of approximately 18,300 Bitcoin between Aug. 6 and Sept. 12.

The company’s Form 8-K to the United States Securities and Exchange Commission (AEC) states that the purchase, worth $1.11 billion, was made at an average price of $60,408 per Bitcoin (BTC), including expenses and fees.

The firm, led by renowned CEO Michael Saylor, has continued to expand its holdings of BTC over the past four years after making its first purchase on Aug. 11, 2020.

MicroStrategy’s $1.11 billion Bitcoin purchase was funded by selling over eight million company shares through a sales agreement.
MicroStrategy, a publicly traded business intelligence and software company, has announced the acquisition of approximately 18,300 Bitcoin between Aug. 6 and Sept. 12.The company’s Form 8-K to the United States Securities and Exchange Commission (AEC) states that the purchase, worth $1.11 billion, was made at an average price of $60,408 per Bitcoin (BTC), including expenses and fees.The firm, led by renowned CEO Michael Saylor, has continued to expand its holdings of BTC over the past four years after making its first purchase on Aug. 11, 2020.Read more