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MicroStrategy Buys $786 Million on Bitcoins Using Proceeds From Notes Offering, Excess Cash
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MicroStrategy Buys $786 Million on Bitcoins Using Proceeds From Notes Offering, Excess Cash
Jun 20, 2024 6:42 AM

09:14 AM EDT, 06/20/2024 (MT Newswires) -- MicroStrategy ( MSTR ) said in a regulatory filing Thursday it acquired about 11,931 bitcoins for roughly $786 million in cash between April 27 and June 19 using proceeds from a notes offering and excess cash.

As of Thursday, the company and its units held a total of about 226,331 bitcoins acquired at an aggregate purchase price of about $8.33 billion, MicroStrategy ( MSTR ) said.

The company said the offering of 2.25% convertible senior notes due 2032 was completed Tuesday and netted about $786 million in proceeds.

Shares of MicroStrategy ( MSTR ) were up over 2% in pre-bell activity Thursday.

Price: 1,502.00, Change: +32.57, Percent Change: +2.22

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