MicroStrategy reports no common stock sales, STRK gains

MicroStrategy Inc (NASDAQ:MSTR), a leader in business intelligence with a market capitalization of $77.47 billion, today announced its latest financial activities, including updates on its common stock and preferred stock transactions as well as its bitcoin acquisitions. The company’s stock has shown remarkable momentum, gaining over 24% in the past week alone, according to InvestingPro data.

The company confirmed that between Monday and Sunday, it did not sell any shares of its class A common stock under its at-the-market offering program. However, during the same period, MicroStrategy sold 123,000 shares of its 8.00% series A perpetual strike preferred stock (NASDAQ:STRK), generating net proceeds of approximately $10.7 million, after accounting for sales commissions. With a current ratio of 0.71, these proceeds could help address short-term liquidity needs, as InvestingPro analysis indicates the company’s short-term obligations currently exceed its liquid assets. Following these transactions, the company has about $20.99 billion worth of STRK shares remaining for sale under the at-the-market offering program.

Additionally, MicroStrategy disclosed its recent bitcoin investments, stating that it acquired approximately 130 bitcoins for $10.7 million in cash, at an average price of approximately $82,981 per bitcoin, inclusive of fees and expenses. These purchases were financed using proceeds from the STRK at-the-market offering. As of Sunday, the company’s total bitcoin holdings stood at approximately 499,226 bitcoins, acquired at an aggregate purchase price of around $33.1 billion, averaging $66,360 per bitcoin. This significant bitcoin position comes alongside the company’s core business, which generated $463.46 million in revenue over the last twelve months.

MicroStrategy also reminded investors of the Strategy Dashboard on its website, which serves as a channel for public information dissemination, including updates on security prices, bitcoin holdings, key performance indicators, and other supplementary data. This dashboard is part of the company’s commitment to transparent communication in line with Regulation FD.

The information provided in this press release is based on MicroStrategy’s recent SEC filing and is intended for general public and investor awareness.

In other recent news, MicroStrategy Incorporated has announced plans to issue and sell up to $21 billion of its 8.00% series A perpetual strike preferred stock through an at-the-market offering program. The proceeds from this program will be used for general corporate purposes, including the acquisition of Bitcoin. In a related development, MicroStrategy has disclosed that it maintains approximately 499,096 bitcoins, acquired at an aggregate purchase price of around $33.1 billion. The company also declared a quarterly cash dividend of approximately $1.24 per share on its series A preferred stock, payable on March 31, 2025.

Additionally, MicroStrategy has completed a significant acquisition of 20,356 bitcoins, costing approximately $1.99 billion, funded by a convertible notes offering. The company priced a $2 billion private offering of convertible senior notes due 2030, with the potential for purchasers to acquire up to an additional $300 million. The net proceeds from this offering are intended for general corporate purposes, including further Bitcoin acquisitions. These recent developments underscore MicroStrategy’s ongoing commitment to integrating Bitcoin into its corporate strategy. Bernstein analysts, meanwhile, view the recent drop in Bitcoin prices as a buying opportunity, maintaining a positive long-term outlook on the cryptocurrency.

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