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Microstrategy (NASDAQ:MSTR), the $112 billion market cap company, saw Director Peter L. Briger JR. report purchasing 220,000 shares of Series A Perpetual Stretch Preferred Stock on July 29, 2025. The shares were bought at a price of $90, for a total transaction value of $19,800,000. The purchase comes as the stock shows significant momentum, with a 134% return over the past year. According to InvestingPro analysis, MSTR is currently trading near its Fair Value.
The purchase was made indirectly through 726 BF LLC, where Briger serves as the manager. With MSTR’s stock price movements being notably volatile, InvestingPro subscribers can access 8 additional key insights and a comprehensive Pro Research Report to better understand the company’s financial position and growth prospects.
In other recent news, Strategy announced the pricing of its initial public offering of 28,011,111 shares of Variable Rate Series A Perpetual Stretch Preferred Stock at $90 per share. The company anticipates raising approximately $2.47 billion in net proceeds, with the settlement expected by July 29, 2025, pending customary conditions. Additionally, Strategy has plans to offer 5 million more shares of its preferred stock, with proceeds aimed at general corporate purposes, including bitcoin acquisition and working capital. Meanwhile, MicroStrategy is facing a class action lawsuit in Delaware, alleging violations related to a Certificate of Amendment for its preferred stock. David Dodge is leading the suit, representing common stockholders who claim they were entitled to vote on the amendment. On the analyst front, TD Cowen raised its price target for Strategy to $680 from $590, maintaining a Buy rating. This adjustment reflects Strategy’s unique position as the largest corporate holder of bitcoin. Lastly, the cryptocurrency sector saw positive movement after President Donald Trump signed a bill regulating stablecoins, a move that could impact crypto-linked companies like Strategy.
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