“During the period between November 30, 2023 and December 26, 2023, MicroStrategy, together with its subsidiaries, acquired approximately 14,620 bitcoins for approximately $615.7 million in cash, at an average price of approximately $42,110 per bitcoin, inclusive of fees and expenses.””As of December 26, 2023, MicroStrategy, together with its subsidiaries, held an aggregate of approximately 189,150 bitcoins, which were acquired at an aggregate purchase price of approximately $5.895 billion and an average purchase price of approximately $31,168 per bitcoin, inclusive of fees and expenses,” was stated in the announcement.”As of December 26, 2023, MicroStrategy had issued and sold an aggregate of 1,076,915 (class A common stock) Shares under the Sales Agreement for aggregate net proceeds to MicroStrategy (less sales commissions) of approximately $610.1 million.”
note how this works is $MSTR sold $610m new shares at the market (diluting existing shareholders % ownership), but it uses the proceeds to buy BTC and in fact again BTC/share ratio increased. the net effect is about 1.4% anti-dilutive in #bitcoin/share. https://t.co/SwiccmH7AL
— Adam Back (@adam3us) December 27, 2023