MicroStrategy Buys 1,587 BTC for $100M, Reserves Climb to 846,842 BTC
STRC•STRC•STRC•STRC•MicroStrategy acquired 1,587 BTC for $100 million, boosting its reserves to 846,842 BTC while raising $100 million in cash through stock sales. For the first time in months, shares failed to rebound to their typical ex-dividend level around $100 on June 15, highlighting a shift in funding mechanics.
MicroStrategy purchased 1,587 Bitcoin for $100 million, raising its holdings to 846,842 BTC. This marks the firm's latest strategic accumulation as digital assets serve its reserve diversification goals.
To fund the acquisition and close a convertible note, the company raised $100 million through stock sales. This approach has sparked investor debate over potential equity dilution and its long-term impact.
On June 15, shares failed to climb back to the usual ex-dividend level near $100, breaking a long-standing mid-month pattern. The deviation suggests that changes in treasury management are reshaping the stock’s trading mechanics.
