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MicroStrategy announced that between April 29, 2023, and June 27, 2023, it, along with its subsidiaries, purchased around 12,333 bitcoins for roughly $347.0 million in cash. The average price per bitcoin, including fees and expenses, was approximately $28,136.
As of June 27, 2023, MicroStrategy and its subsidiaries collectively held approximately 152,333 bitcoins. These were acquired at an aggregate purchase price of approximately $4.52 billion, with an average purchase price of approximately $29,668 per bitcoin, inclusive of fees and expenses.
MicroStrategy previously revealed that on May 1, 2023, it engaged in a Sales Agreement with Cowen and Company, LLC and Canaccord Genuity LLC, acting as sales agents. Under this agreement, MicroStrategy has the option to issue and sell shares of its class A common stock, valued at a total offering price of up to $625.0 million, periodically through the Agents.
On June 28, 2023, MicroStrategy announced that as of June 27, 2023, it had successfully issued and sold a total of 1,079,170 Shares under the Sales Agreement. The net proceeds to MicroStrategy, after deducting sales commissions and expenses, amounted to approximately $333.7 million.
