Key facts
- MicroStrategy raised approximately $2 billion through common stock sales.
- The company paused new Bitcoin purchases but maintained its holdings of 840,447 BTC.
- A new USD Cash pool of $1.59 billion was established for treasury purposes.
- Total cash reserves across two pools reached $6.69 billion.
- MicroStrategy repurchased over $136 million worth of its preferred stock.
MicroStrategy, the world's largest corporate holder of Bitcoin, has paused new Bitcoin purchases while maintaining its existing holdings of 840,447 BTC. This decision follows the company's successful raise of approximately $2 billion through the sale of its common stock. The funds were allocated towards repurchasing preferred shares, increasing its US dollar reserve, and establishing a new $1.59 billion cash pool. This new cash account is intended to provide management with greater flexibility for various purposes, including potential Bitcoin acquisitions, dividend payments, debt servicing, and share repurchases. As of Sunday, MicroStrategy reported a total of $6.69 billion in cash reserves across its US dollar reserve and the newly launched cash account. The company's Bitcoin holdings were acquired for $63.36 billion at an average price of $75,385 per Bitcoin. MicroStrategy also continued its share repurchase program, buying back $136.4 million of its preferred shares. Separately, Strive added 1,110 Bitcoin for approximately $81.5 million, increasing its total holdings to 21,356 BTC. Meanwhile, Pakistan's Virtual Assets Regulatory Authority has opened its licensing portal for virtual asset service providers, with a deadline of September 5 for existing companies to apply.