MicroStrategy Teases New Bitcoin Buy After Selling 32 BTC for Dividends
MSTR•MicroStrategy paused Bitcoin buys for three weeks, selling 32 BTC for $2.5M and issuing $128M of common stock to cover 11.50% dividend costs. Executive Chairman Michael Saylor shared a chart showing 846,842 BTC held at a $75,658 average cost and hinted at another purchase.
1. Saylor Teases Next Bitcoin Purchase
MicroStrategy’s Executive Chairman Michael Saylor posted a chart tracking the company’s Bitcoin purchases since 2020, signaling a potential new acquisition after the firm halted buys for three weeks. His notation fueled speculation about adding to the 846,842 BTC position, which holds at a $75,658 average cost.
2. Funding Moves and Holdings Update
The pause followed the sale of 32 BTC for $2.5 million to cover 11.50% preferred share dividends and a $128 million common stock issuance. These funding actions underscore the balance between Bitcoin accumulation and financing obligations as MicroStrategy manages cash flow and shareholder returns.
