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MicroStrategy Inc . (NASDAQ:MSTR) Executive Vice President and Chief Financial Officer Andrew Kang has recently made a significant stock purchase, according to a recent SEC filing. On March 20, 2025, Kang acquired 1,500 shares of Series A Perpetual Strife Preferred Stock at a price of $85 per share. This transaction totals $127,500. The purchase comes as MicroStrategy’s stock shows strong momentum, with a remarkable 98% price increase over the past six months and trading near $336 per share. According to InvestingPro analysis, the stock is currently trading above its Fair Value.
The shares were bought through a directed share program related to the company’s underwritten public offering of its 10.00% Series A Perpetual Strife Preferred Stock. Following this acquisition, Kang holds a total of 1,500 shares of this preferred stock. Additionally, he maintains direct ownership of 12,080 shares of MicroStrategy’s Class A Common Stock. InvestingPro data reveals the company maintains a high gross profit margin of 72%, though analysts anticipate challenges in achieving profitability this year. Get access to 8 more exclusive ProTips and comprehensive analysis with an InvestingPro subscription.
This move comes as part of Kang’s ongoing involvement with MicroStrategy, where he plays a crucial role in the company’s financial strategies and operations. The company currently holds a market capitalization of $87.4 billion, with its stock demonstrating significant volatility and a beta of 3.37.
In other recent news, MicroStrategy Inc. disclosed significant financial activities, highlighting its ongoing commitment to cryptocurrency investments. The company reported raising approximately $592.6 million through the sale of 1,975,000 shares of its Class A common stock, alongside $1.1 million from 13,100 shares of its 8.00% Series A perpetual preferred stock. These proceeds were primarily used to acquire approximately 6,911 bitcoins, bringing MicroStrategy’s total bitcoin holdings to around 506,137 bitcoins, acquired at an average price of $66,608 per bitcoin. Furthermore, MicroStrategy announced a pricing of $711.2 million for its Series A Perpetual Strife Preferred Stock offering, with the proceeds earmarked for general corporate purposes, including further bitcoin acquisitions.
Analyst Gus Gala from Monness Crespi Hardt initiated coverage on MicroStrategy with a Neutral rating and a price target of $200 per share, noting potential market saturation concerns. The company also highlighted its Strategy Dashboard, a tool providing public access to key information about its bitcoin holdings and other financial data. In addition, the company confirmed no sales of its Class A common stock during a recent period but did sell 123,000 shares of its preferred stock, generating $10.7 million. These strategic financial maneuvers underscore MicroStrategy’s focus on integrating bitcoin into its treasury strategy.
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