MicroStrategy Didn't Buy Any Bitcoin Last Week
MicroStrategy didn't acquire any Bitcoin in the week ended Feb. 2, the same week it priced its preferred stock offering, the company disclosed on Monday.
As previously disclosed, the company priced its offering of 7.3M shares of 8% series A perpetual strike preferred stock for $80 per share, for total net proceeds of $563.4M on Jan. 30, it said. It plans to use the proceeds for general corporate purposes, including the acquisition of Bitcoin.
As of Feb. 2, 2025, the company held a total of 471,107 bitcoins, which were acquired at a total purchase price of $30.4B and an average purchase price of $64,511 per bitcoin, including fees and expenses.
MicroStrategy stock slumped 7% in Monday premarket trading. With markets roiled by the tariffs the Trump administration implemented over the weekend, the price of bitcoin (BTC-USD) slid ~3.7% to $94.9K at the time of writing.
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