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MicroStrategy Incorporated (NASDAQ:MSTR), whose stock has surged over 50% year-to-date according to InvestingPro data, on Monday provided updates on its at-the-market (ATM) offering programs and bitcoin holdings, according to a press release statement filed with the SEC. The company, currently valued at $121.4 billion, has shown remarkable volatility with a beta of 3.71, making it particularly sensitive to market movements.
Between July 7 and July 13, MicroStrategy sold 797,008 shares of its Class A common stock through its Common ATM program, with $330.9 million in net proceeds. As of July 13, $17.78 billion remained available for issuance and sale under this program. The Common ATM program was established on May 1, 2025, with a size of $21 billion. According to InvestingPro analysis, the company operates with a moderate level of debt, maintaining a debt-to-equity ratio of 0.25, though its current ratio of 0.66 indicates potential liquidity challenges.
The company also reported activity in its preferred stock ATM programs. During the same period, it sold 573,976 shares of its 8.00% Series A Perpetual Strike Preferred Stock (NASDAQ:STRK), generating $57.4 million in notional value and $71.1 million in net proceeds. As of July 13, $20.45 billion remained available for issuance and sale under the STRK ATM program, which was established on March 10, 2025.
Additionally, MicroStrategy sold 444,005 shares of its 10.00% Series A Perpetual Strife Preferred Stock (NASDAQ:STRF), resulting in $44.4 million in notional value and $55.3 million in net proceeds. The STRF ATM program, established on May 22, 2025, had $1.88 billion available for issuance and sale as of July 13.
The company also initiated its 10.00% Series A Perpetual Stride Preferred Stock (NASDAQ:STRD) ATM program on July 7, 2025. During the week, it sold 158,278 STRD shares for $15.8 million in notional value and $15.0 million in net proceeds, with $4.19 billion available for future issuance and sale as of July 13.
MicroStrategy reported that proceeds from these ATM offerings were used to acquire additional bitcoin. During the period from July 7 to July 13, the company acquired 4,225 bitcoin for approximately $472.5 million, at an average purchase price of about $111,827 per bitcoin. As of July 13, MicroStrategy held a total of 601,550 bitcoin, with an aggregate purchase price of $42.87 billion and an average purchase price of roughly $71,268 per bitcoin, inclusive of fees and expenses. For detailed analysis of MicroStrategy’s financial health and investment potential, including 12+ additional ProTips and comprehensive valuation metrics, visit InvestingPro, where you’ll find expert insights and the complete Pro Research Report.
All information is based on the company’s press release statement filed with the SEC.
In other recent news, Strategy has launched a $4.2 billion at-the-market offering of its 10.00% Series A Perpetual Stride Preferred Stock. The company intends to use the net proceeds for general corporate purposes, including bitcoin acquisition and working capital. Additionally, Strategy has reiterated its commitment to bitcoin, purchasing 245 bitcoins for $26 million, bringing its total holdings to 592,345 bitcoins. TD Cowen has maintained its Buy rating on Strategy, citing positive bitcoin gains and projecting the company to hold over 850,000 bitcoins by the end of fiscal year 2027.
In another development, Strategy introduced the Mosaic platform, aimed at unifying enterprise data for AI applications. This platform provides a universal intelligence layer over existing databases, enhancing data access and governance. Furthermore, MicroStrategy, now known as Strategy, announced the election of Peter L. Briger, Jr. to its board of directors, while Executive Vice President Wei-Ming Shao plans to retire at the end of the year. These recent developments highlight Strategy’s ongoing initiatives in digital assets and enterprise analytics.
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