MicroStrategy Files Mixed Shelf, Buys $1.1 Billion Worth of Bitcoins; Shares Down

MT Newswires Live
28 Jan

MicroStrategy (MSTR) filed a registration statement Monday for the potential sale of an unspecified amount of various securities from time to time.

The filing covers debt securities, class A common stock, preferred stock, depositary shares, warrants and units, the company said. MicroStrategy said it plans to use the net proceeds to acquire more bitcoin and for general corporate purposes.

The company said in a separate filing Monday that between Jan. 21 and 26, it acquired 10,107 bitcoins for about $1.1 billion in cash at an average price of about $105,596 per bitcoin.

As of Jan. 26, the company and its subsidiaries held a total of 471,107 bitcoins acquired at a total price of about $30.4 billion and an average price of about $64,511 per bitcoin, MicroStrategy said.

The company's shares were down 4% in recent Monday trading.

Price: 339.37, Change: -14.30, Percent Change: -4.04

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