Key facts
- MicroStrategy sold 1,638 Bitcoin for $104.7 million.
- The company raised $290.6 million by issuing 3.01 million common shares.
- Proceeds were used for preferred stock dividends and repurchases.
- MicroStrategy repurchased 912,143 shares of its preferred stock (STRC) for $81.2 million.
- MicroStrategy's Bitcoin holdings decreased to 842,138 BTC.
- The company added $250 million to its USD reserve.
MicroStrategy sold 1,638 Bitcoin for $104.7 million and raised an additional $290.6 million through the issuance of 3.01 million common shares. The company utilized these funds for various corporate purposes, including repurchasing 912,143 shares of its preferred stock, STRC, for $81.2 million. These transactions have reduced MicroStrategy's Bitcoin holdings to 842,138 BTC, acquired at an average price of $75,419 per coin for a total of $63.51 billion. Additionally, the company bolstered its USD reserve by $250 million. MicroStrategy also announced its intention to maintain the annual dividend rate for STRC at 12%.