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MicroStrategy Inc . (NASDAQ:MSTR), whose stock has surged nearly 98% over the past six months according to InvestingPro data, has disclosed recent financial activities, including sales of its common and preferred stock, as well as the acquisition of additional bitcoins. The information comes from the company’s latest 8-K filing with the Securities and Exchange Commission. With a current market capitalization of $79.18 billion, MicroStrategy has shown significant momentum despite being unprofitable over the last twelve months.
Between Monday and Sunday, MicroStrategy sold 1,975,000 shares of its Class A common stock under its ATM (at-the-market) offering, raising net proceeds of approximately $592.6 million, after deducting sales commissions. Following these transactions, the company has approximately $3.57 billion worth of common shares remaining available for sale under the offering. InvestingPro analysis indicates the stock is currently trading at a high revenue valuation multiple, with analyst price targets ranging from $225 to $650 per share. Get detailed valuation metrics and 8 additional key ProTips with an InvestingPro subscription.
In the same period, the company also sold 13,100 shares of its 8.00% Series A perpetual preferred stock, generating net proceeds of around $1.1 million. This leaves approximately $20.99 billion of preferred shares still available for issuance.
Moreover, during the same week, MicroStrategy invested approximately $584.1 million in cash to purchase about 6,911 bitcoins at an average price of $84,529 per bitcoin, inclusive of fees and expenses. These purchases were funded using proceeds from the sales of both common and preferred stocks. As of Sunday, the company’s total bitcoin holdings stood at approximately 506,137 bitcoins, acquired at an aggregate purchase price of roughly $33.7 billion.
MicroStrategy also mentioned its Strategy Dashboard, available on its website, which provides public access to information about the company’s security prices, bitcoin holdings, key performance indicators, and other supplemental data. This dashboard is part of the company’s effort to ensure broad and non-exclusionary distribution of information to the public, in line with Regulation FD.
The information reported in the 8-K filing is not considered filed for purposes of Section 18 of the Securities Exchange Act of 1934, nor is it incorporated by reference into any Securities Act of 1933 filings, except as explicitly referenced in such filings. The filing is based on a press release statement from MicroStrategy Incorporated. For comprehensive analysis of MSTR’s financial health (currently rated as FAIR by InvestingPro), including detailed metrics and a professional research report, subscribe to InvestingPro for exclusive access to data that matters most to investors.
In other recent news, Strategy™ has announced a significant preferred stock offering, pricing 8.5 million shares of Series A Perpetual Strife Preferred Stock at $85.00 per share, aiming to raise approximately $711.2 million. The proceeds are intended for general corporate purposes, including acquiring more Bitcoin and enhancing the company’s working capital. Additionally, Strategy has launched a $21 billion at-the-market offering program for its 8.00% series A perpetual strike preferred stock, with plans to use the funds for similar corporate objectives. MicroStrategy Inc, closely associated with Strategy, reported no sales of its class A common stock but confirmed selling 123,000 shares of its preferred stock, generating $10.7 million in net proceeds. This amount was used to acquire approximately 130 bitcoins, bringing its total holdings to 499,226 bitcoins. Furthermore, MicroStrategy declared a quarterly cash dividend of approximately $1.24 per share on its preferred stock, payable at the end of March 2025. These developments reflect the company’s ongoing commitment to Bitcoin as a primary treasury reserve asset.
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