MicroStrategy (NASDAQ:MSTR) today entered into a selling arrangement with Cowen, Canaccord Genuity, and BTIG, acting as selling agents. Under the terms of the agreement, MicroStrategy has the option to offer and sell, from time to time through the agents, shares of its Class A common stock at a par value of $0.001 per share. The aggregate potential sales of these shares could reach up to $750.0 million.
In a separate update regarding its bitcoin activities, MicroStrategy announced that it and its subsidiaries acquired approximately 16,130 bitcoins between November 1 and November 29. This acquisition was made for approximately $593.3 million in cash, or an average of approximately $36,785 per bitcoin, including fees and expenses.
As of November 29, 2023, MicroStrategy and its subsidiaries collectively held approximately 174,530 bitcoins. These were purchased for an aggregate of approximately $5.280 billion at an average purchase price of approximately $30,252 per bitcoin.
