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Strategy Inc (NASDAQ:MSTR), which has delivered an impressive 138.74% return over the past year according to InvestingPro data, on Monday announced updates to its at-the-market (ATM) equity and preferred stock offering programs, as well as new information regarding its bitcoin (BTC) holdings, according to a press release statement based on a recent SEC filing. The company, currently valued at $101.7 billion, appears to be trading above its Fair Value based on comprehensive analysis available through InvestingPro’s detailed research reports.
Between August 18 and August 24, the company sold 875,301 shares of its class A common stock (NASDAQ:MSTR) through its ATM program, with net proceeds of approximately $309.9 million. As of August 24, the company had $16.73 billion available for issuance and sale under this program. With a beta of 3.78 and operating with moderate debt levels, InvestingPro analysis indicates the stock exhibits significant volatility compared to the broader market.
Strategy Inc also reported sales of 210,100 shares of its 8.00% Series A Perpetual Strike Preferred Stock (NASDAQ:STRK), generating net proceeds of $20.4 million, with $20.41 billion available for future issuance. Additionally, 237,336 shares of its 10.00% Series A Perpetual Strife Preferred Stock (NASDAQ:STRF) were sold, resulting in net proceeds of $26.6 million and $1.82 billion remaining available. For its 10.00% Series A Perpetual Stride Preferred Stock (NASDAQ:STRD) and Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC), the company reported 944 and zero shares sold, respectively, with $4.17 billion and $4.20 billion available for issuance.
Regarding digital assets, Strategy Inc stated it acquired 3,081 bitcoin during the same period, for an aggregate purchase price of $356.9 million and an average purchase price of approximately $115,829 per bitcoin, inclusive of fees and expenses. The company’s total bitcoin holdings as of August 24 stood at 632,457 BTC, acquired at an aggregate purchase price of $46.50 billion and an average purchase price of $73,527 per bitcoin.
The company noted that proceeds from the ATM programs were used to fund the bitcoin purchases. The information was disclosed in a press release statement and is based on a filing with the U.S. Securities and Exchange Commission. With a current ratio of 0.68 and having achieved a 42.96% return over the past six months, investors seeking deeper insights into Strategy Inc’s financial health and growth prospects can access comprehensive analysis through InvestingPro, which offers 12 additional key insights about the company’s performance and outlook.
In other recent news, Strategy reported record second-quarter 2025 results, surpassing consensus earnings forecasts and leading to an upward revision of its 2025 Bitcoin KPI targets for the second time this year. The company has also introduced a full-year financial outlook, projecting $34 billion in operating income, $24 billion in net income, and $80 per share. Despite these strong results, H.C. Wainwright has maintained its Buy rating with a $521.00 price target on Strategy. Additionally, Mizuho raised its price target for Strategy to $586.00, citing the company’s continued outperformance relative to Bitcoin.
Meanwhile, Monness, Crespi, Hardt reiterated a Sell rating on MicroStrategy, expressing concerns over its valuation relative to its Bitcoin holdings. In a strategic move, Sequans Communications announced a $384 million investment to launch a Bitcoin treasury initiative, following a similar approach pioneered by Strategy. Northland initiated coverage on Sequans with an Outperform rating and a $3.50 price target, highlighting this new business segment. These developments reflect the evolving dynamics in the Bitcoin-focused business landscape.
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