benzinga.com
Bitcoin Buyer Spree: MicroStrategy Acquires $4.6B In BTC; Metaplanet Issues $11.4M In Bonds To Fund Purchases
18 Nov 2024
MicroStrategy Inc. (NASDAQ:MSTR) has announced the acquisition of 51,780 Bitcoin (CRYPTO: BTC) for approximately $4.6 billion, with an average price of $88,627 per coin. What Happened: According to the company's SEC filing on Monday, this purchase occurred between Nov. 11and Nov. 17, funded through proceeds from the issuance and sale of shares under its Sales Agreement.