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MicroStrategy is a leading business intelligence firm in the United States and the largest corporate holder of BTC. Earlier, on August 2, 2023, Todayq News <a href="https://news.todayq.com/microstrategy-may-sell-stock-to-acquire-more-btc-after-impressive-q2-earnings-call/">reported</a> that MicroStrategy might sell its shares to acquire more Bitcoin, and the report was to the point. 
Between August 1, 2023, and September 24, 2023, MicroStrategy and its subsidiaries demonstrated their commitment to Bitcoin by acquiring approximately 5,445 bitcoins. This significant investment totaled approximately $147.3 million, reflecting an average purchase price of approximately $27,053 per bitcoin, inclusive of fees and expenses.&nbsp; 
Currently, MicroStrategy’s combined holdings in the world’s most famous cryptocurrency reached an impressive 158,245 bitcoins. These holdings were secured at an aggregate purchase price of approximately $4.68 billion, with an average acquisition cost of about $29,582 per bitcoin, inclusive of fees and expenses.&nbsp; 
As reported by Todayq News on August 2, 2023, MicroStrategy strategically engaged Cowen and Company, LLC, Canaccord Genuity LLC, and Berenberg Capital Markets LLC as sales agents. Under this agreement, MicroStrategy gained the flexibility to issue and sell shares of its class A common stock (Class A shares typically had more voting rights than Class B shares), each with a par value of $0.001 per share. The total offering price for these shares could reach up to a substantial $750.0 million, with sales occurring periodically through the appointed agents. 
Related Article: <a href="https://news.todayq.com/microstrategy-may-sell-stock-to-acquire-more-btc-after-impressive-q2-earnings-call/">Microstrategy may sell stock to acquire more BTC</a> 
On September 24, 2023, MicroStrategy successfully executed a Sales Agreement, selling 403,362 Shares and generating about $147.3 million in net proceeds after accounting for commissions. These funds will support MicroStrategy’s strategic goals and expansion in cryptocurrency and business intelligence sectors. 
These developments highlight MicroStrategy’s strong commitment to cryptocurrencies, especially Bitcoin, as both an asset and a long-term investment. The successful stock sales demonstrate the company’s proactive approach to raising capital for growth, solidifying its role in the financial industry. 
As of May 2023, MicroStrategy had <a href="https://news.todayq.com/microstrategy-continues-bullish-bitcoin-strategy-with-209m-btc-purchase-in-q1-2023/">purchased</a> 7,500 BTC for $209 million, and because of this purchase, its total holdings increased to 140,000 BTC, valued at $3.9 billion. On June 28, 2023, MicroStrategy <a href="https://news.todayq.com/microstrategy-bolsters-bitcoin-holdings-with-347-million-purchase-solidifying-its-crypto-commitment/">acquired</a> an additional 12,333 Bitcoins for a significant sum of $347 million, as reported by Todayq News. MicroStrategy remains innovative and continues to draw attention from investors and industry observers in both cryptocurrency and traditional financial markets. 
© Todayq News

MicroStrategy expands Bitcoin holdings with 5,445 BTC acquisition and raises $147.3 million

Todayq News

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