Key facts
- MicroStrategy raised $544.5 million, boosting its cash reserve to $3.75 billion.
- The company repurchased $25 million of its Series A convertible preferred stock.
- MicroStrategy has not purchased Bitcoin for five consecutive weeks.
MicroStrategy has bolstered its cash reserves to $3.75 billion following a capital raise of $544.5 million. The company utilized $25 million of these funds to repurchase its Series A convertible preferred stock. This move comes as MicroStrategy has now skipped Bitcoin purchases for five consecutive weeks, shifting its immediate focus from digital asset acquisition to preferred stock buybacks.