MicroStrategy disclosed a significant increase in its Bitcoin holdings in a recent November 25 notification.
The company acquired 55,000 Bitcoins for $5.4 billion between Nov. 18 and Nov. 24, at an average price of $97,862 per coin. The money for the purchase was raised through recent equity and debt offerings.
This latest purchase has significantly increased MicroStrategy's total BTC holdings to 386,700 BTC, acquired at a total cost of $21.9 billion, or an average price of $56,761 per coin.
MicroStrategy's funding for the purchase came from a private offering of 0% convertible senior notes due 2029 and its ongoing at-the-market (ATM) equity program.