MicroStrategy offloaded 1,638 bitcoin last week, bringing in $104.73 million and cutting its total holdings to 842,138 BTC. The company also raised $290.6 million through a stock offering, deploying the fresh cash across dividends, a $250 million USD reserve boost, and preferred share buybacks.
What the numbers tell us
The bitcoin sale marks another chapter in the company's balancing act between holding crypto and managing shareholder returns. At an average acquisition price of $75,419 per coin, MicroStrategy's remaining stash is worth $63.51 billion on paper. Last week's move adds $250 million to its USD reserve, now sitting at $4 billion, while the stock issuance funded 912,143 share repurchases of its preferred STRC ticker for $81.2 million.
The company signaled commitment to its preferred dividend structure over the weekend, maintaining STRC's 12% annual yield. Management said it won't recommend cutting the rate until shares consistently trade near their $100 par value, a statement that hints at confidence in the stock despite near-term volatility.
Market reaction and context
MSTR dropped 1.9% in pre-market trading as bitcoin itself slipped to $62,500 over the weekend. The preferred shares barely budged. These moves come as corporate bitcoin treasuries continue adjusting positions, with some firms treating crypto holdings more like working capital than long-term conviction plays. The SEC filing landed Monday morning, laying out the full scope of capital deployment for investors tracking the company's strategy shifts.
This article is for informational purposes only and should not be construed as financial advice or investment recommendation.
