12:12 PM EST, 11/11/2024 (MT Newswires) -- MicroStrategy's ( MSTR ) shares were up about 17% in recent Monday trading after the company announced updates regarding its bitcoin purchases and capital market activities.

Between Oct. 31 and Nov. 10, the company said it bought about 27,200 bitcoins for nearly $2.03 billion at an average price of about $74,463 per bitcoin, bringing its total holdings to 279,420 bitcoins for a cumulative investment of nearly $11.9 billion at an average purchase price of $42,692 each.

The purchases were financed through share sales under at-the-market, or ATM, offerings, with the company raising about $2.03 billion from the sale of about 7.9 million shares, MicroStrategy ( MSTR ) said.

The Bitcoin treasury company also said its BTC Yield was 7.3% from Oct. 1 to Nov. 10, and 26.4% from Jan. 1 to Nov. 10.

Price: 316.36, Change: +45.94, Percent Change: +16.99