MicroStrategy sold 3.7 million shares for $1.48 billion and still holds $11.3 billion for future issuance. It bought 15,400 bitcoins for about $1.5 billion at $95,976 each. As of December 2, 2024, it holds 402,100 BTC, acquired for $23.4 billion at $58,263 each.
MARA Holdings Inc. has launched a new private offering of $700 million in zero-coupon convertible senior notes, maturing in 2031. This follows a $1 billion offering in November for 0% convertible senior notes maturing in 2030.
The new funds from the offering will mainly be used for bitcoin acquisitions and to repurchase convertible notes maturing in 2026. The conversion price for the $1 billion notes issued in November is set at a 42.5% premium over the share price of $18.18 on November 18.
Update, 9th December, 2024
MicroStrategy has acquired an additional 21,550 BTC at a total cost of $2.1 billion, equating to an average purchase price of $98,783 per Bitcoin. This investment has resulted in Bitcoin yield gains of 43.2% quarter-to-date (QTD) and 68.7% year-to-date (YTD). As of December 8, 2024, the company holds a total of 423,650 BTC, which were purchased at a cumulative cost of $25.6 billion, with an average acquisition price of $60,324 per Bitcoin.