MicroStrategy Sells Its Shares to Purchase $1.1 Billion Worth of Bitcoin (BTC)

2024-9-13 15:30

MicroStrategy has made a remarkable financial maneuver by converting $1.1 billion worth of its shares into 18,300 Bitcoin (BTC). The latest Form 8-K filings with the U.S. Securities and Exchange Commission (SEC) confirmed this purchase.

It took place between August 6, 2024, and September 12, 2024.

MicroStrategy Inject Billions Into Acquiring Bitcoin

Consequently, MicroStrategy’s total Bitcoin holdings have increased to about 244,800, acquired at an average price of $38,585 per Bitcoin.

Following a strategic plan, the company announced on August 1 a Sales Agreement with prominent firms such as TD Securities (USA) LLC and The Benchmark Company, LLC.

This agreement allowed MicroStrategy to issue shares of its class A common stock, which could raise up to $2.0 billion.

“On September 13, 2024, the Company announced that, as of September 12, 2024, the Company had sold an aggregate of 8,048,449 Shares under the Sales Agreement for aggregate net proceeds to the Company (less sales commissions) of approximately $1.11 billion,” Form 8-K filing mentioned.

That being said, since August 1, the MicroStrategy share price is down by roughly 20%.

Read more: Who Owns the Most Bitcoin in 2024?

MicroStrategy (MSTR) Price Performance. Source: TradingView

During this acquisition phase, MicroStrategy purchased Bitcoin at an average cost of $60,400 each. This acquisition reflects the company’s confidence in Bitcoin as a valuable asset for long-term investment. Furthermore, this strategy enhances the company’s investment portfolio and establishes MicroStrategy as a formidable entity in the crypto industry.

To date, the company’s total investment in Bitcoin is nearly $9.45 billion. MicroStrategy’s assertive accumulation of Bitcoin highlights its strategic initiative to leverage the growing validation of cryptocurrencies as a stable financial asset class.

This recent development is pivotal, indicating a trend where large corporations are progressively incorporating digital assets into their fiscal strategies. This also includes the Japanese firm Metaplanet, which is following MicroStrategy’s footsteps.

Read more: Bitcoin (BTC) Price Prediction 2024/2025/2030

Indeed, MicroStrategy is pioneering a shift in corporate investment tactics, potentially influencing how other companies manage their investment portfolios in the future.

The post MicroStrategy Sells Its Shares to Purchase $1.1 Billion Worth of Bitcoin (BTC) appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 95908.41 (-0.99%)
Объем 24H $98.381b
Изменеия 24h: 1.13 %, 7d: 7.75 %
Cегодня L: $94006.77 - H: $98156.69
Капитализация $1897.592b Rank 1
Цена в час новости $ 59897.23 (60.12%)

btc microstrategy billion bitcoin shares worth sells

Источник: beincrypto.com

btc microstrategy → Результатов: 126


MicroStrategy увеличила свой портфель на 16 130 BTC

Американская компания MicroStrategy продолжает активно инвестировать в биткоин. Как сообщил исполнительный председатель компании Майкл Сейлор (Michael Saylor) в своем твиттере, компания приобрела еще 16 130 BTC на сумму $593,3 млн.

2023-11-30 19:12


MicroStrategy купили 467 ВТС в июле

Американская компания MicroStrategy приобрела 467 BTC на общую сумму $14,4 млн в июле 2023 года. In July, @MicroStrategy acquired an additional 467 BTC for $14.4 million and now holds 152,800 BTC. Please join us at 5pm ET as we discuss our Q2 2023 financial results and answer questions about the outlook for #BusinessIntelligence and #Bitcoin. […]

2023-8-2 11:50


MicroStrategy купили еще 301 BTC на $6 млн

Поставщик аналитического ПО MicroStrategy приобрел дополнительные 301 BTC за $6 млн. Об этом говорится в отчете, представленном SEC. Основатель и экс-CEO компании Майкл Сэйлор сообщил, что покупки совершены в период со 2 августа по 19 сентября по средней цене $19 851 за 1 BTC.

2022-9-21 17:43


Фото:

MicroStrategy купила очередную партию биткоинов

12 марта котирующаяся на Nasdaq компания MicroStrategy купила 262 BTC на сумму около $15 млн. Объем удерживаемого поставщиком аналитического ПО цифрового актива достиг 91 326 BTC.

2021-3-13 10:20


Фото:

MicroStrategy продолжает покупать BTC на фоне снижения собственных акций

Американская компания MicroStrategy через несколько дней после покупки 328 BTC купила еще 205 BTC несмотря на то, что курс акций самой компании упал более чем вдвое.

2021-3-7 14:51


Фото:

BTC Balance Sheets: 42 Companies Hold 1.3 Million Bitcoin Worth More Than $65 Billion

Since the company Microstrategy shifted a lot of its treasury reserves into bitcoin, a great number of companies have followed the firm’s lead. According to the web portal, bitcointreasuries.org, data shows that 42 companies are now represented on the list and the businesses hold more than $65 billion worth of bitcoin. The Corporate Bitcoin Stash- […]

2021-3-2 00:30


Фото:

MicroStrategy Buys Another $15 Million of Bitcoin, Unrealized BTC Profits up 100% to $2.3 Billion

The CEO of MicroStrategy–the business intelligence platform listed at NASDAQ, Michael Saylor, has confirmed that the firm bought an additional 328 BTC for roughly $15 million in cash. MicroStrategy’s Confidence in Bitcoin Their Form 8-k records on Mar 1 reveal, their doubling down came when Bitcoin and crypto prices crashed, falling approximately 30 percent fromRead More

2021-3-2 20:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

HBO Claims It Has Unmasked Bitcoin Creator Satoshi Nakamoto

HBO announces a documentary aiming to reveal Bitcoin creator Satoshi Nakamoto, stirring major excitement and curiosity in the cryptocurrency world. The post HBO Claims It Has Unmasked Bitcoin Creator Satoshi Nakamoto appeared first on BeInCrypto.

Coinbase CEO Brian Armstrong Counters Bitcoin IOU and cbBTC Controversy

Analysts and experts have dismissed the IOU claims, asserting that ETFs fully own the underlying Bitcoin and that recent price fluctuations are driven by market participants. The post Coinbase CEO Brian Armstrong Counters Bitcoin IOU and cbBTC Controversy appeared first on BeInCrypto.

Bitcoin Mining Halt Triggers 20% Electricity Price Surge in Norwegian City

Experts argue that this rise in energy bills highlights how Bitcoin mining can contribute to lower overall energy costs by distributing fixed grid expenses across a broader user base. The post Bitcoin Mining Halt Triggers 20% Electricity Price Surge in Norwegian City appeared first on BeInCrypto.