MicroStrategy Raises $2.13 Billion From Share Sale; Proceeds Used to Buy Bitcoins-February 2024-www.financetom.com

MicroStrategy Raises $2.13 Billion From Share Sale; Proceeds Used to Buy Bitcoins

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MicroStrategy Raises $2.13 Billion From Share Sale; Proceeds Used to Buy Bitcoins

Dec 9, 2024 6:09 AM

08:58 AM EST, 12/09/2024 (MT Newswires) -- MicroStrategy ( MSTR ) said in a regulatory filing on Monday that it has raised $2.13 billion through the sale of 5.4 million shares between Dec. 2 and Dec. 8.

The share sale was part of an agreement announced on Oct. 30 for an up to $21 billion sale of shares from time to time, the business analytics software company said.

The company said that as of Dec. 8, it had $9.19 billion worth of shares remaining for sale.

MicroStrategy ( MSTR ) said that between Dec. 2 and Dec. 8, it used the sale proceeds to buy 21,550 bitcoins for $2.1 billion in cash at $98,783 per bitcoin. MicroStrategy ( MSTR ) said it holds 423,650 bitcoins as of Dec. 8.

Shares of the company were down 1.1% in recent Monday premarket activity.

Price: 390.81, Change: -4.20, Percent Change: -1.11

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