MicroStrategy raised bitcoin holdings by 2,500 bitcoins from Oct. 31 to Dec. 27

In a regulatory filing, MicroStrategy announced that during the period between November 1 and December 21, MicroStrategy, through its wholly-owned subsidiary MacroStrategy LLC, acquired approximately 2,395 bitcoins for approximately $42.8M in cash, at an average price of approximately $17,871 per bitcoin, inclusive of fees and expenses; On December 22, MacroStrategy sold approximately 704 bitcoins for cash proceeds of approximately $11.8M, at an average price of approximately $16,776 per bitcoin, net of fees and expenses. MicroStrategy plans to carry back the capital losses resulting from this transaction against previous capital gains, to the extent such carrybacks are available under the federal income tax laws currently in effect, which may generate a tax benefit; on December 24, MacroStrategy acquired approximately 810 bitcoins for approximately $13.6M in cash, at an average price of approximately $16,845 per bitcoin, inclusive of fees and expenses. After giving effect to the transactions described above, MicroStrategy, together with its subsidiaries, increased its bitcoin holdings by 2,500 bitcoins, from approximately 130,000 bitcoins as of October 31, 2022, to approximately 132,500 bitcoins as of December 27. The approximately 132,500 bitcoins held by MicroStrategy and its subsidiaries as of December 27, 2022 were acquired at an aggregate purchase price of approximately $4.03B and an average purchase price of approximately $30,397 per bitcoin, inclusive of fees and expenses. As previously disclosed, on September 9, MicroStrategy entered into a sales agreement with Cowen and Company and BTIG as sales agents, pursuant to which MicroStrategy may issue and sell shares of its class A common stock, having an aggregate offering price of up to $500M from time to time through the agents. On December 28, the company also announced that, during the period between October 1 and December 27, MicroStrategy had issued and sold an aggregate of 218,575 shares under the sales agreement, at an average gross price per share of approximately $213.16, for aggregate net proceeds to MicroStrategy, less sales commissions and expenses, of approximately $46.4M.