MicroStrategy bought 16,130 bitcoins for $593.3M in November

MicroStrategy disclosed this morning that it entered into a sales agreement with Cowen, Canaccord Genuity and BTIG, pursuant to which MicroStrategy may issue and sell shares of its class A common stock, having an aggregate offering price of up to $750M, from time to time. MicroStrategy also announced that, during the period between November 1 and November 29, it acquired approximately 16,130 bitcoins for approximately $593.3M in cash, at an average price of approximately $36,785 per bitcoin, inclusive of fees and expenses. As of November 29, MicroStrategy held an aggregate of approximately 174,530 bitcoins, which were acquired at an aggregate purchase price of approximately $5.28B and an average purchase price of approximately $30,252 per bitcoin, inclusive of fees and expenses.