Key facts
- MicroStrategy sold $263.5 million in Class A common stock.
- The company stated it does not intend to use the proceeds to purchase additional Bitcoin.
- MicroStrategy's cash and cash equivalents now exceed $3.225 billion.
- The company's Bitcoin holdings remain unchanged at 843,775 BTC.
MicroStrategy sold $263.5 million in Class A common stock between July 13 and July 19 as part of its at-the-market offering program. The company stated that it did not purchase any Bitcoin during this period, leaving its holdings unchanged at 843,775 BTC, acquired at an average cost of $75,476 per coin. Following the stock sale, MicroStrategy's U.S. dollar reserves increased to $3.225 billion, intended for preferred stock dividends and debt interest payments. This follows a previous sale of approximately $216 million in Bitcoin last week to fund shareholder payments on its STRC preferred stock.