MicroStrategy reports bitcoin holding and ATM updates; From October 1, 2024 to December 1, 2024, the Company’s BTC Yield was 38.7%
- ATM Update: As previously disclosed, on October 30, 2024, MicroStrategy entered into a Sales Agreement, 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 2, 2024, the Company announced that, during the period between November 25, 2024 and December 1, 2024, the Company had sold an aggregate of 3,728,507 Shares under the Sales Agreement for aggregate net proceeds to the Company (less sales commissions) of approximately $1.48 billion. As of December 1, 2024, approximately $11.3 billion of Shares remained available for issuance and sale pursuant to the Sales Agreement.
- Bitcoin Holdings Update: On December 2, 2024, the Company announced that, during the period between November 25, 2024 and December 1, 2024, the Company acquired approximately 15,400 bitcoins for approximately $1.5 billion in cash, at an average price of approximately $95,976 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. As of December 1, 2024, the Company, together with its subsidiaries, held an aggregate of approximately 402,100 bitcoins, which were acquired at an aggregate purchase price of approximately $23.4 billion and an average purchase price of approximately $58,263 per bitcoin, inclusive of fees and expenses.