December 8, 2020 MSTR files $400 million debt offering to buy more Bitcoin; December 4, 2020 8-K filing by MicroStrategy reporting new $50 million purchase of Bitcoin

December 8, 2020 6:00 PM MicroStrategy goes after more Bitcoin with a new filing to raise $400 million in debt to fund the purchase of additional Bitcoin. This is in addition to the $50 million from Friday’s 8-K filing.

MicroStrategy Announces Proposed Private Offering of $400 Million of Convertible Senior Notes

December 8, 2020 Listen to Michael Saylor explain why he is adding Bitcoin to his company’s balance sheet

Item 8.01.
Other Events.

On December 4, 2020, MicroStrategy Incorporated (the “Company”) announced that it had purchased approximately 2,574 bitcoins for $50.0 million in cash in accordance with its Treasury Reserve Policy, at an average price of approximately $19,427 per bitcoin. As of December 4, 2020, the Company holds approximately 40,824 bitcoins that were acquired at an aggregate purchase price of $475.0 million, inclusive of fees and expenses.