Key facts
- MicroStrategy's cash reserve now totals $3.75 billion.
- The company raised $544.5 million by selling common stock.
- $25 million was used to repurchase 288,930 shares of preferred stock STRC.
- MicroStrategy's Bitcoin holdings remain at 843,775 coins.
MicroStrategy's cash reserve has grown to $3.75 billion after the company successfully raised $544.5 million through the sale of its common stock. This substantial cash position is sufficient to cover preferred stock dividends for 2.1 years, according to Executive Chairman Michael Saylor. A portion of the newly acquired funds, specifically $25 million, was allocated to repurchasing 288,930 shares of the company's high-yielding preferred stock, STRC. The company's Bitcoin holdings remain unchanged, standing at 843,775 coins. Both MicroStrategy's stock (MSTR) and its preferred stock (STRC) saw gains of approximately 2.5% in pre-market trading, coinciding with Bitcoin's rise above $65,000 over the weekend.