Microstrategy, Inc. (NASDAQ:MSTR) Bitcoin Acquisition

Microstrategy, Inc. announced that between August 6, 2024, and September 12, 2024, the company acquired approximately 18,300 bitcoins for about $1.11 billion in cash. The average price per bitcoin was roughly $60,408, including fees and expenses.

These purchases were financed through proceeds from the issuance and sale of shares under a specific Sales Agreement. As of September 12, 2024, Microstrategy and its subsidiaries held a total of approximately 244,800 bitcoins, acquired at a total cost of about $9.45 billion, with an average purchase price of approximately $38,585 per bitcoin, inclusive of fees and expenses.