Microstrategy, Inc. (MSTR) purchased approximately 7,002 bitcoins for approximately $414.4 million in cash

Microstrategy, Inc. (NASDAQ: MSTR) disclosed:

On November 29, 2021, MicroStrategy Incorporated (the “Company”) announced that during the fourth quarter of the Company’s fiscal year to date (the period between October 1, 2021 and November 29, 2021), the Company purchased approximately 7,002 bitcoins for approximately $414.4 million in cash, at an average price of approximately $59,187 per bitcoin, inclusive of fees and expenses. As of November 29, 2021, the Company holds approximately 121,044 bitcoins that were acquired at an aggregate purchase price of $3.57 billion and an average purchase price of approximately $29,534 per bitcoin, inclusive of fees and expenses.

As previously disclosed, on June 14, 2021, the Company entered into an Open Market Sale AgreementSM (the “Sale Agreement”) with Jefferies LLC, as agent (“Jefferies”), pursuant to which the Company may issue and sell shares of its class A common stock, par value $0.001 per share (“Shares”), having an aggregate offering price of up to $1.0 billion from time to time through Jefferies. On November 29, 2021, the Company also announced that during the fourth quarter of the Company’s fiscal year to date (the period between October 1, 2021 and November 29, 2021), the Company had issued and sold an aggregate of 571,001 Shares under the Sale Agreement, at an average gross price per Share of approximately $732.16, for aggregate net proceeds to the Company (less sales commissions and expenses) of approximately $414.4 million.

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