Seeking Alpha
2022-12-28 15:10:27

MicroStrategy acquires 3.2K bitcoin, sells 704 bitcoin at a loss

MicroStrategy ( NASDAQ: MSTR ) said Wednesday it acquired ~2.4K bitcoin ( BTC-USD ) for ~$42.8M in cash , at an average price of ~$17.9K per BTC, from November 1 to December 21. The company sold ~704 bitcoin for ~$11.8M, at an average price of ~$16.8K per BTC, on December 22. MicroStrategy ( MSTR ) plans to carry back capital losses from this transaction against previous capital gains. On December 24, the firm acquired ~810 bitcoin for ~$13.6M in cash, at an average price of ~$16.8K per BTC. MicroStrategy's ( MSTR ) total bitcoin holdings from ~130K BTC as of October 31 to ~132.5K BTC as of December 27. The company's bitcoin holdings were acquired for ~$4.03B and average purchase price of ~$30.4K per BTC. MicroStrategy ( MSTR ) also provided an update on its $500M stock offering . From October 1 to December 27, MicroStrategy ( MSTR ) issued and sold ~218.6K shares at an average gross price per share of ~$213.16, for aggregate net proceeds of ~$46.4M. Read why SA contributor CashFlow Hunter believes MicroStrategy's ( MSTR ) core business is not healthy .

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