MicroStrategy purchased $1.5B in Bitcoin last week
MicroStrategy announced that it bought 15,400 Bitcoin for $1.5 billion between Nov. 25 and Dec. 1.
MicroStrategy, a major corporate Bitcoin holder, announced it acquired approximately 15,400 BTC between Nov. 25 and Dec. 1. The purchase, funded by $1.5 billion raised through a stock sale under its at-the-market (ATM) equity program, was executed at an average price of $95,976 per Bitcoin.
In a Dec. 2 filing to United States Securities and Exchange, the company also revealed it sold 3.7 million shares of its Class A common stock during the same period, generating $1.48 billion in net proceeds. The funds were used to purchase the 15,400 Bitcoin (BTC).
MicroStrategy remains the largest corporate Bitcoin holder. Source: BitcoinTreasuries
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Author: Ezra Reguerra
