MicroStrategy acquired 51,780 bitcoins for about $4.6B from Nov. 11-17

In a regulatory filing earlier, MicroStrategy (MSTR) announced that, during the period between November 11 and November 17, the company acquired approximately 51,780 bitcoins for approximately $4.6B in cash, at an average price of approximately $88,627 per bitcoin, inclusive of fees and expenses. The bitcoin purchases were made using proceeds from the issuance and sale of shares under the sales agreement that was previously announced. As of November 17, the company, together with its subsidiaries, held an aggregate of approximately 331,200 bitcoins, which were acquired at an aggregate purchase price of approximately $16.5B and an average purchase price of approximately $49,874 per bitcoin, inclusive of fees and expenses. As previously disclosed, on October 30, the company entered into a Sales Agreement with TD Securities, Barclays Capital, The Benchmark Company, BTIG, Canaccord Genuity, Cantor Fitzgerald, Maxim Group, Mizuho Securities and SG Americas Securities, as agents, pursuant to which the company may issue and sell shares of its class A common stock, having an aggregate offering price of up to $21B from time to time through the sales agents. On November 18, the company announced that, during the period between November 11 and November 17, the company had sold an aggregate of 13,593,865 shares under the sales agreement for aggregate net proceeds to the company less sales commissions of approximately $4.6B. As of November 17, approximately $15.3B of shares remained available for issuance and sale pursuant to the sales agreement.