MicroStrategy Pauses Preferred-Share Sales, Skips Bitcoin Buy as Bitcoin Tops $80K
MicroStrategy halted preferred-share sales across four classes between April 27 and May 3, leaving only $82 million raised via common-stock and idling over $2.5 billion in April BTC financing. Bitcoin reached $80,529 and the company skipped its Monday purchase as it readies its quarterly earnings report next Thursday.
1. Preferred-Share Sales Halt
A recent SEC filing shows MicroStrategy sold zero shares across its STRF, STRC, STRK and STRD preferred classes from April 27 to May 3. Combined capacity for those four lines remains above $27 billion, but no new preferred-share funding was deployed after raising $2.18 billion through STRF in mid-April.
2. Bitcoin Purchase Pause
Bitcoin surged to a peak of $80,529 Monday before settling near $79,300, marking its highest level since late January. In line with its routine pre-earnings pause, MicroStrategy skipped its scheduled Monday BTC accumulation, with Executive Chairman Michael Saylor confirming no purchases this week.
3. Upcoming Earnings and Outlook
MicroStrategy will report quarterly results next Thursday, with analysts forecasting a $0.86 per-share loss on roughly $123 million in revenue, a marked improvement from the prior-year quarter’s $16.49 deficit. Investors will closely watch management’s guidance on future share sales and crypto acquisition strategy, as options markets price in an 8% post-earnings move in the stock.