MicroStrategy stock dips after issuing more shares to buy more bitcoin

MicroStrategy (NASDAQ:MSTR) shares fall 2.0% in premarket trading after the software company purchases about 1,434 bitcoins (BTC-USD) for ~$82.4M in cash, or ~57,477 per bitcoin including fees and expenses. During Nov. 29-Dec. 8, the company issued and sold 119,828 shares for ~$82.4M through its open market sale agreement with Jefferies. That bring's MicroStrategy's (MSTR) bitcoin (BT-USD) stash to ~122,478 as of Dec. 8 that was acquired at a total price of $3.66B and an average price of ~$27,861 per bitcoin, including fees and expenses. The new bitcoin purchase comes after the company acquired 7,002 bitcoins in October and November.