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TYSONS CORNER, VA – MicroStrategy Incorporated (NASDAQ:MSTR), a company specializing in finance services with a current market capitalization of $82.59 billion, has announced significant capital market activities and updates on its bitcoin holdings and convertible notes redemption. The information, based on a recent SEC filing, highlights the company’s continued focus on its bitcoin investment strategy. According to InvestingPro data, the stock has delivered an impressive 406.81% return over the past year, making it one of the market’s top performers.
From February 3 to February 9, 2025, MicroStrategy sold approximately 516,413 shares of its class A common stock under a Sales Agreement, generating net proceeds of around $179 million. After these transactions, roughly $4.17 billion of shares remain available for sale under the agreement. With a beta of 3.26, InvestingPro analysis indicates the stock exhibits significant volatility compared to the broader market.
In addition, the company completed a public offering of its 8.00% Series A Perpetual Strike Preferred Stock (NASDAQ:STRK) on February 5, 2025, raising net proceeds of approximately $563.4 million after deductions. These funds, along with proceeds from the share sales, were used to purchase approximately 7,633 bitcoins at an average price of about $97,255 per bitcoin.
As of February 9, MicroStrategy and its subsidiaries hold approximately 478,740 bitcoins, acquired for an aggregate purchase price of approximately $31.1 billion, averaging $65,033 per bitcoin.
The company also provided an update on its 0.0% Convertible Senior Notes due 2027. A notice of full redemption was issued on January 24, 2025, with a redemption date set for February 24, 2025. As of February 9, conversion requests amounting to approximately $757.8 million in principal amount of these notes have been received, which will result in the issuance of 5,322,389 shares upon settlement. With annual revenue of $463.46 million and a current ratio of 0.71, detailed financial analysis is available in the comprehensive Pro Research Report on InvestingPro, which covers over 1,400 US stocks.
MicroStrategy uses key performance indicators (KPIs) like BTC Yield, BTC Gain, and BTC $ Gain to assess the performance of its bitcoin acquisition strategy. From January 1 to February 9, 2025, the company reported a BTC Yield of 4.1%, a BTC Gain of 18,527 bitcoins, and a BTC $ Gain of $1.785 billion.
The company’s strategy dashboard on its website will provide updates on market data, bitcoin purchases, and other relevant information. This disclosure channel aims to offer broad, non-exclusionary distribution of information to the public.
The information in this article is based on MicroStrategy’s SEC filings and is intended for informational purposes only. For deeper insights into MicroStrategy’s financial health, valuation metrics, and expert analysis, investors can access the full suite of tools and research available on InvestingPro.
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