Bitcoin price today: slips below $113k, near 6-wk low despite Fed cut bets
MicroStrategy Inc . (NASDAQ:MSTR), currently valued at $104 billion in market capitalization, on Monday reported updates to its at-the-market (ATM) offering programs and bitcoin holdings, according to a press release statement based on a recent SEC filing. According to InvestingPro analysis, the company’s stock has shown significant volatility with a beta of 3.71, while delivering an impressive 153% return over the past year.
During the period from July 28, 2025 to August 3, 2025, MicroStrategy acquired 21,021 additional bitcoin for approximately $2.46 billion, reflecting an average purchase price of $117,256 per bitcoin, inclusive of fees and expenses. As of August 3, 2025, the company’s total bitcoin holdings stood at 628,791 bitcoin, acquired for a total aggregate purchase price of about $46.08 billion and an average purchase price of $73,277 per bitcoin.
The company stated that these bitcoin purchases were funded using proceeds from its recently completed public offering of 28,011,111 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC). This offering, completed on July 29, 2025, generated gross proceeds of approximately $2.521 billion and net proceeds of about $2.47 billion after underwriting discounts, commissions, and estimated offering expenses. With a gross profit margin of 70.1% and positive earnings expectations for the year, MicroStrategy maintains strong fundamentals despite its aggressive bitcoin strategy. Get access to 10+ additional exclusive InvestingPro Tips and comprehensive financial analysis in our detailed Pro Research Report.
MicroStrategy also provided an update on its ATM programs for various securities. As of August 3, 2025, the company reported that $17.04 billion remained available for issuance and sale under its common stock ATM program, $20.45 billion under the STRK (8.00% Series A Perpetual Strike Preferred Stock) ATM program, $1.88 billion under the STRF (10.00% Series A Perpetual Strife Preferred Stock) ATM program, and $4.18 billion under the STRD (10.00% Series A Perpetual Stride Preferred Stock) ATM program. The STRC ATM program, established July 31, 2025, had $4.20 billion available for issuance and sale.
The information in this article is based solely on disclosures made in a press release statement and SEC filing by MicroStrategy Inc.
In other recent news, MicroStrategy reported a strong second-quarter performance for 2025, surpassing earnings expectations. The company achieved a fully diluted earnings per share (EPS) of $32.60, significantly higher than the forecast of -$0.10. Revenue also exceeded estimates, reaching $114.49 million compared to the anticipated $113.65 million. Additionally, Strategy, formerly known as MicroStrategy, announced an at-the-market program to sell up to $4.2 billion of its Variable Rate Series A Perpetual Stretch Preferred Stock. This move is planned to be executed in a disciplined manner over an extended period. In another development, BTIG raised its price target for MicroStrategy to $700 from $620, maintaining a Buy rating. The firm highlighted MicroStrategy’s impressive second-quarter net income and the growing support for bitcoin from various sectors. These recent developments indicate significant activity and interest surrounding the company’s financial strategies and market positioning.
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