As previously disclosed, on October 30, 2024, Microstrategy, Inc. (NASDAQ 🙂 entered into a sales agreement (the “Sales Agreement”) with TD Securities (USA) LLC, Barclays Capital Inc., The Benchmark Company, LLC , BTIG., LLC, Canaccord Genuity LLC, Cantor Fitzgerald & Co., Maxim Group LLC, Mizuho Securities USA LLC and SG Americas Securities, LLC, as agents (the “Agents of Sales”), pursuant to which the Company may issue and sell shares of Class A common stock, with a par value of $0.001 per share (“Shares”), with an aggregate offering price of up to $21 billion from time to time. through Sales Agents.
On December 23, 2024, the Company announced that, during the period from December 16, 2024 to December 22, 2024, the Company had sold a total of 1,317,841 Shares pursuant to the Sales Agreement for total net proceeds for the Company (less sales commissions). of approximately 561 million dollars. As of December 22, 2024, approximately $7.08 billion of shares remained available for issuance and sale pursuant to the Sales Agreement.
Bitcoin Holdings Update
On December 23, 2024, the Company announced that, during the period from December 16, 2024 to December 22, 2024, the Company acquired approximately 5,262 bitcoins for approximately $561 million in cash, at an average price of approximately $106,662 per bitcoin, including fees and expenses. The bitcoin purchases were made with the proceeds from the issuance and sale of Shares under the Sales Agreement.
