MicroStrategy Purchased 16,130 Additional Bitcoins, Plans to Raise $750M Through Stock Sale

Between Nov.1 and Nov.29, MicroStrategy has purchased an additional 16,130 bitcoin for $593.3 million, with an average price of $36,785 per token, the company said in a filing. The company now holds a total of 174,530 bitcoin with an average price of $30,252 each.

The company also plan to raise up to $750 million through sale of new Class A common stock shares.

MicroStrategy has consistently purchased large quantities of Bitcoin since adopting it as a treasury reserve asset in August 2020.