Key Takeaways
- MicroStrategy acquired 51,780 Bitcoin for $4.6 billion between November 11 and November 17.
- The company’s total Bitcoin holdings now approach $30 billion in market value.
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MicroStrategy announced today it had acquired 51,780 Bitcoin in a series of purchases made between November 11 and November 17, paying an average price of $88,627 per coin. This move increases its total holdings to 331,200 BTC, valued at approximately $30 billion at current prices.The purchase follows the company’s earlier acquisition of 27,200 Bitcoin between October 31 and November 10, coming after signals from co-founder Michael Saylor about a potential Bitcoin acquisition.To fund the purchase, MicroStrategy entered into a sales agreement with several investment banks, including TD Securities, according to its filing with the SEC.The company sold 13.6 million shares between November 11 and November 13. It has approximately $15.3 billion in shares remaining available for issuance and sale under the agreement.var rocket_beacon_data = {“ajax_url”:”https://cryptobriefing.com/wp-admin/admin-ajax.php”,”nonce”:”0a87da60ac”,”url”:”https://cryptobriefing.com/microstrategy-bitcoin-acquisition-3″,”is_mobile”:false,”width_threshold”:1600,”height_threshold”:700,”delay”:500,”debug”:null,”status”:{“atf”:true},”elements”:”img, video, picture, p, main, div, li, svg, section, header, span”}Last month, Saylor announced his ambitious goal to make MicroStrategy become a leading Bitcoin bank by leveraging financial instruments to increase its Bitcoin holdings.
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