MicroStrategy raises $467M via stock sales, holds 843,775 BTC
In brief
- MicroStrategy raised $466.7M in fresh cash via common stock sales
- Bitcoin holdings remain unchanged at 843,775 BTC
- Dollar reserve now stands at $3 billion for debt and dividends
- MSTR shares fell 3% pre-market amid BTC price decline
Cash Raise and Bitcoin Position
Strategy made no bitcoin purchases or sales, leaving its bitcoin holdings unchanged at 843,775 BTC. The company has acquired its bitcoin for an aggregate purchase price of approximately $63.69 billion, including fees and expenses, at an average price of $75,476 per bitcoin.
The fresh capital comes as the company maintains its dual-asset strategy. The dollar reserve supports dividend payments on preferred stock and interest payments on outstanding debt. This separation of cash and crypto holdings lets Strategy manage its obligations while holding its bitcoin position.
Market Reaction
MSTR shares were down 3% pre-market as bitcoin fell to $62,800. The equity raise appears timed to strengthen the balance sheet amid price volatility. Strategy's approach contrasts with other bitcoin-holding firms that adjust positions based on price movements.
