Coinbase and MicroStrategy were up about 6% and 9% respectively before the market opened.
According to The Block, the stock prices of Coinbase and MicroStrategy rose by about 6% and 9%, respectively, in pre-market trading today. Coinbase's stock price rose 6.4% to $184.99, while MicroStrategy's stock price rose 9.3% to $690.30.In addition, Coinbase has been designated as the custodian service provider for several spot Bitcoin ETF applicants, while MicroStrategy increased its Bitcoin holdings by 14,620 BTC between November 30 and December 26, bringing its total Bitcoin holdings to 189,150, currently valued at approximately $8.7 billion.
MicroStrategy purchased approximately 14,620 Bitcoins for approximately $615.7 million
MicroStrategy and its subsidiaries purchased approximately 14,620 bitcoins for about $615.7 million in cash between November 30 and December 26. They currently hold 189,150 BTC.
Microstrategy's pre-market price is $611.5, and its stock price has soared 347% this year
Microstrategy's pre-market quote is $611.5, down from a low of $136.56 in January, and the stock price has soared 347% in 2023.
MicroStrategy's Bitcoin holdings hit $2.3 billion in floating profit
According to market data, as Bitcoin has surged above $44,000, MicroStrategy's Bitcoin holdings have reached a floating profit of $2.3 billion.
U.S. digital currency concept stocks rose, with Robinhood rising more than 8% during the session
Market data shows that US stock digital currency concept stocks are rising, with Robinhood (HOOD.O) up more than 8% during trading, Coinbase (COIN.O) up more than 3%, and MicroStrategy (MSTR.O) up nearly 3%.
Unrealized profits from MicroStrategy’s Bitcoin holdings have exceeded $1.6 billion
MicroStrategy's unrealized profit from holding Bitcoin has exceeded $1.6 billion.
MicroStrategy Purchases 16,130 Bitcoin for $593.3 Million, Bringing Total Holdings to $6 Billion
MicroStrategy, a business intelligence firm, has purchased 16,130 Bitcoin in November for approximately $593.3 million, at a price of $36,785 per Bitcoin. This brings the company's total Bitcoin holdings to 174,530, worth roughly $6.6 billion at the time of publication. MicroStrategy has consistently been purchasing large volumes of Bitcoin since adopting it as its treasury reserve asset in August 2020 and reported a gain of $900 million for its Bitcoin holdings in Q3 of 2023.
Microstrategy buys approximately 16,130 Bitcoins for approximately $593.3 million in cash
Microstrategy has purchased approximately 16,130 bitcoins for about $593.3 million in cash.
Microstrategy plans to raise $750 million through common stock sale
On November 30th, Microstrategy, Inc. (NASDAQ code: MSTR) announced that, according to a sales agreement signed with Cowen and Company, LLC, Canaccord Genuity LLC, and BTIG, LLC (collectively referred to as "agents") on November 30th, 2023, the company plans to raise up to $750 million by selling Class A common stock. The face value of these Class A common stocks is $0.001 per share and will be traded on the Nasdaq Global Select Market under the trading code "MSTR".<br>As of November 28th, 2023, the last trading price of Microstrategy Class A common stock on the Nasdaq Global Select Market was $505.87 per share. According to the supplemental prospectus, the sale of these common stocks may be conducted at market prices and in any manner permitted by law, and may be deemed a "sale on the market" (as defined in Section 415(a)(4) of the Securities Act of 1933, as amended).
MicroStrategy’s Bitcoin holdings have gained more than $1.1 billion
According to Coindesk data on November 13th, MicroStrategy's Bitcoin holdings have gained over $1.1 billion (+25%), currently holding over 158,000 Bitcoins.
