MicroStrategy Sells 1.98 Million Shares, Buys 6,911 Bitcoins; Stock Rises-March 2024-www.financetom.com

MicroStrategy Sells 1.98 Million Shares, Buys 6,911 Bitcoins; Stock Rises

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MicroStrategy Sells 1.98 Million Shares, Buys 6,911 Bitcoins; Stock Rises

Mar 24, 2025 11:33 AM

02:06 PM EDT, 03/24/2025 (MT Newswires) -- MicroStrategy ( MSTR ) sold 1.98 million class A shares from March 17 to March 23 for about $592.6 million.

In the same period, the company purchased 6,911 bitcoins for $584.1 million in cash at an average price of $84,529 apiece. The bitcoin purchase was funded by proceeds from share sales, MicroStrategy ( MSTR ) said Monday in a regulatory filing.

As of Sunday, MicroStrategy ( MSTR ) and its subsidiaries held 506,137 bitcoins, acquired at a total cost of $33.7 billion, averaging $66,608 per bitcoin, according to the filing.

Shares of MicroStrategy ( MSTR ) rose 8.9% in recent Monday trading.

Price: 331.16, Change: +27.16, Percent Change: +8.93

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