MicroStrategy Uses $181M Share Sale to Buy 1,550 Bitcoin, Changes STRC Dividend
MSTR•MicroStrategy raised $181 million through at-the-money Class A share sales June 1–7 and deployed $101 million to buy 1,550 Bitcoin, lifting cash reserves to $1 billion. STRC preferred stock fell below $93 as Bitcoin dipped under $63,000, and shareholders approved semi-monthly dividends to steady trading around its $100 par.
1. Share Sale and Bitcoin Purchase
MicroStrategy raised $181 million through at-the-money Class A share sales during the first week of June and allocated $101 million to acquire 1,550 Bitcoin at an average cost of $65.3 thousand per coin.
2. Cash Reserve Rebuild
The company retained the remaining $80 million from the share sale to boost its cash reserves to $1 billion, reinforcing liquidity for upcoming dividend payments and debt service obligations.
3. STRC Dividend Scheduling
Shareholders approved shifting STRC preferred stock dividends to a semi-monthly schedule, aiming to tighten trading around its $100 par value after the preferred fell below $93 on recent Bitcoin price declines.
