MicroStrategy reports acquisition of 18,300 bitcoin for $1.11B

In a regulatory filing, the company said, “On September 13, 2024, MicroStrategy announced that, during the period between August 6, 2024 and September 12, 2024, the Company acquired approximately 18,300 bitcoins for approximately $1.11B in cash, at an average price of approximately $60,408 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. As of September 12, 2024, the Company, together with its subsidiaries, held an aggregate of approximately 244,800 bitcoins, which were acquired at an aggregate purchase price of approximately $9.45B and an average purchase price of approximately $38,585 per bitcoin, inclusive of fees and expenses.”