MicroStrategy Teases New Bitcoin Buy After $2.5M BTC Sale and $128M Stock Raise
MSTR•MicroStrategy’s Executive Chairman Michael Saylor posted a chart showing its 846,842-BTC holding at an average cost of $75,658, fuelling speculation of a fresh purchase after a three-week buying pause. The firm sold 32 BTC for $2.5 million to fund an 11.50% preferred dividend and raised $128 million through common stock issuance.
1. Saylor Teases Additional Bitcoin Purchase
Executive Chairman Michael Saylor shared a chart mapping MicroStrategy’s 846,842-BTC holding at an average cost of $75,658 since 2020, signalling anticipation of a fresh acquisition after no new buys in three weeks.
2. Recent Sales and Dividend Funding
MicroStrategy sold 32 Bitcoin for $2.5 million to cover its 11.50% preferred share dividend and raised $128 million through common stock issuance, highlighting a shift toward financing dividends and growth with equity capital.
3. Robust Holdings and Debt Coverage
With Bitcoin valued near $64,000, the company’s crypto reserves total approximately $54 billion and, combined with cash, exceed outstanding debt by roughly $48 billion, underscoring strong balance-sheet support for future purchases.
