MicroStrategy has purchased a large sum of Bitcoin (BTC) on the 2nd of December, 2024. As a result, MicroStrategy has made the headlines, which has been consistent recently; because acquiring more Bitcoin has become a pattern for MicroStrategy.
The amount of Bitcoin acquired by MicroStrategy is 15400 BTC, which is about $1.5 Billion; based on Form 8-K. Public firms make use of the Form 8-K to announce corporate adjustments, that are filed with the United States Securities and Exchange Commission (SEC).
MicroStrategy as a financial intelligence firm, made a payment of $95,976 per BTC on average. MicroStrategy return on Bitcoin has been impacted by this acquisition - and is about 38.7% for this quarter, and about 63.3% for this year.
The funds used for the current acquisition of BTC by MicroStrategy, was from the sale of stock - Class A common; which was done under the fixed agreement for sale. After removing the commissions for sales, MicroStrategy sold 3.7 million shares; gaining profits of about $1.48 billion.