MicroStrategy Acquires 130 Bitcoins and Raises Over $1 Billion Through Preferred Stock Offering
MicroStrategy (MSTR) announced in a Form 8-K filing on March 17, 2025, a detailed disclosure of its recent capital market activities and Bitcoin holdings. The company raised funds through its At-The-Market (ATM) Offering plan, which will be used to purchase more Bitcoin. As of March 16, 2025, MicroStrategy’s total Bitcoin holdings have approached 500,000 BTC, demonstrating its strong confidence in the long-term value of Bitcoin.
No Common Stock Sold, Over $1 Billion Raised Through Preferred Stock
According to the disclosure in MicroStrategy’s 8-K filing, the company did not sell any common stock between March 10 and 16, 2025, but actively raised funds through its Preferred Stock ATM plan. On March 10, 2025, MicroStrategy entered into a sales agreement with TD Securities, Barclays Capital, Benchmark Company, BTIG, and other financial institutions to issue up to $2.1 billion in 8.00% Series A Preferred Stock (STRK Shares). As of March 16, 2025, the company had sold 123,000 shares of preferred stock through this plan, raising net proceeds of approximately $1.07 billion, with a remaining issuance capacity of approximately $2.09 billion.
MicroStrategy Continues to Accumulate Bitcoin
MicroStrategy further strengthened its “Bitcoin Standard” strategy by using the funds raised from the preferred stock issuance to make large Bitcoin purchases. According to the latest announcement, between March 10 and 16, 2025, the company purchased 130 BTC at a total cost of approximately $107 million, with an average purchase price of $82,981 per BTC (including fees and other expenses). As of March 16, 2025, MicroStrategy and its subsidiaries collectively held 499,226 BTC, with an aggregate cost basis of approximately $3.31 billion, at an average acquisition price of $66,360 per BTC. This positions MicroStrategy as one of the publicly listed companies with the largest Bitcoin holdings, further solidifying its role as a leading Bitcoin enterprise investor.
Improved Transparency: Launch of “Strategy Dashboard”
MicroStrategy also emphasized in the 8-K filing that its “Strategy Dashboard” on the company’s website is an important channel for transparent information disclosure. The dashboard provides real-time market data, including:
- Company stock and preferred stock prices
- Bitcoin purchase and holding data
- Key performance indicators (KPIs)
- Other relevant financial information
MicroStrategy stated that investors can use the dashboard to obtain the latest information about the company’s operations and financial condition, ensuring compliance with Regulation FD (Fair Disclosure Regulation).
Recent developments show that the company continues to actively expand its Bitcoin holdings through the capital markets, with the issuance of preferred stock as its primary financing method. As the Bitcoin market remains volatile, the company’s “Bitcoin-centric financial strategy” could become a reference model for other companies and will continue to attract market attention.
(Strategy Leads the Trend: A Comprehensive Guide to Bitcoin Reserve Strategies and Corporate Investment Guidelines)
Risk Disclaimer
Cryptocurrency investments are highly speculative and involve substantial risk. The prices of cryptocurrencies can be highly volatile, and you may lose all of your principal investment. Please carefully assess the risks.
