MicroStrategy Inc . (NASDAQ:MSTR), a company specializing in finance services with a current market capitalization of $75.4 billion, disclosed significant financial activities and updates on its cryptocurrency assets this week. According to InvestingPro analysis, the stock is currently trading above its Fair Value, following a volatile period that saw a 71.6% surge over the past six months. The company, which has recently rebranded as Strategy, sold a substantial number of shares and purchased a considerable amount of Bitcoin.
From Monday to Sunday, Strategy sold 3,645,528 of its Class A common stock shares, generating $1.20 billion in net proceeds, leaving an additional $2.37 billion worth of shares available for sale under its Common ATM program. This program, established on October 30, 2024, has a total size of $21 billion. InvestingPro data shows the company’s current financial health score is rated as ’FAIR’, with notably high trading volumes averaging 18.5 million shares daily over the past three months. Additionally, the company sold 213,807 shares of its 8.00% Series A Perpetual Strike Preferred Stock (NASDAQ:STRK), also known as STRK Shares, for net proceeds of $18.52 million, with a remaining $20.97 billion of STRK Shares available.
The sale of these shares is part of the company’s at-the-market (ATM) offering programs, which allow the sale of shares directly on the market at prevailing prices. Strategy also reported the completion of a public offering of its 10.00% Series A Perpetual Strife Preferred Stock (NASDAQ:STRF) on Thursday, March 25, 2025, which resulted in the sale of 8,500,000 shares at $85.00 each, with expected net proceeds of approximately $711.2 million after expenses.
On the cryptocurrency front, Strategy announced that it had acquired an additional 22,048 bitcoins during the last week of March, spending $1.92 billion at an average purchase price of $86,969 per bitcoin. This latest acquisition brings the company’s total bitcoin holdings to 528,185, with an aggregate purchase price of $35.63 billion and an average purchase price of $67,458 per bitcoin. With a current ratio of 0.71 and significant short-term obligations, InvestingPro identifies this as a key consideration for investors. For deeper insights into Strategy’s financial position and future prospects, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers, covering over 1,400 top US stocks. The bitcoin purchases were funded through proceeds from the Common ATM, STRK ATM, and STRF Offering.
Strategy maintains a dashboard on its website, which serves as a disclosure channel for public information, including updates on market prices of securities, bitcoin purchases and holdings, and other key performance indicators (KPIs). This dashboard is part of the company’s effort to comply with Regulation FD, ensuring broad and non-exclusionary distribution of information.
The information provided in the SEC filing, based on which this article is written, is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and is not incorporated by reference into any filing under the Securities Act of 1933, except as explicitly stated in such a filing.
In other recent news, MicroStrategy Incorporated has introduced a new class of preferred stock, the "10.00% Series A Perpetual Strife Preferred Stock," with an issuance of 8.5 million shares. This move is part of a public offering expected to yield net proceeds of approximately $711.2 million, which the company plans to use for general corporate purposes, including further Bitcoin acquisitions. As of the latest reports, MicroStrategy has significantly increased its Bitcoin holdings, now owning approximately 506,137 bitcoins, acquired at an average price of $66,608 per bitcoin.
Bernstein SocGen Group has maintained a positive outlook on MicroStrategy, reaffirming an Outperform rating with a price target of $600, reflecting confidence in the company’s strategic direction and its substantial Bitcoin investments. Meanwhile, Monness Crespi Hardt analyst Gus Gala initiated coverage on MicroStrategy with a Neutral rating and a $200 price target, citing potential market saturation concerns regarding convertible notes.
MicroStrategy’s recent financial activities also include the sale of 1,975,000 shares of its Class A common stock and 13,100 shares of its 8.00% Series A perpetual preferred stock, resulting in net proceeds of approximately $592.6 million and $1.1 million, respectively. These proceeds were used to purchase about 6,911 bitcoins, further cementing the company’s commitment to integrating cryptocurrency into its business model. With the backing of major financial institutions and a focus on Bitcoin as a primary treasury reserve asset, MicroStrategy continues to position itself as a significant player in the cryptocurrency market.
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