MicroStrategy EVP & CFO Andrew Kang purchases $127,500 in stock

Published 24/03/2025, 21:12
© Shutterstock

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.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.