(Updated – December 23, 2024 8:51 AM EST)
As previously disclosed, on October 30, 2024, Microstrategy, Inc. (NASDAQ:MSTR) 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 “Sales Agents”), 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 $21 billion from time to time through the Sales Agents.
On December 23, 2024, the Company announced that, during the period between December 16, 2024 and December 22, 2024, the Company had sold an aggregate of 1,317,841 Shares under the Sales Agreement for aggregate net proceeds to the Company (less sales commissions) of approximately $561 million. 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 between December 16, 2024 and 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, inclusive of fees and expenses. The bitcoin purchases were made using proceeds from the issuance and sale of Shares under the Sales Agreement.
