Key facts
- MicroStrategy sold over 2.7 million MSTR shares for approximately $263.5 million.
- The company's U.S. dollar reserves now stand at $3.225 billion.
- MicroStrategy's bitcoin holdings remain unchanged at 843,775 BTC.
- The firm recently sold $216 million worth of bitcoin.
- MicroStrategy is the largest corporate holder of bitcoin.
MicroStrategy, the world's largest corporate holder of bitcoin, has raised its cash reserves to $3.225 billion by selling common stock. The company sold over 2.7 million MSTR shares for approximately $263.5 million through its at-the-market equity program, leaving its substantial bitcoin holdings of 843,775 BTC, valued at about $54.6 billion, unchanged.
This move follows a recent rare sale of $216 million worth of bitcoin and is part of a strategy to rebuild liquidity and support its dividend structure, which faced pressure during the recent crypto market downturn. The firm had previously approved a program allowing for the sale of up to $1.25 billion of its bitcoin holdings for cash reserves and dividend payments.
MicroStrategy's stock (MSTR) saw a slight increase in pre-market trading, mirroring a modest rise in bitcoin's price over the weekend.