MicroStrategy Sells $335.5M in Stock, Buys 520 Bitcoin at $67,068
MicroStrategy sold $335.5 million of MSTR shares through an at-the-market offering and deployed the proceeds to acquire 520 Bitcoin at $67,068 per coin. The transaction brought the company's USD Reserve to $1.4 billion.
MicroStrategy sold $335.5 million of shares through an at-the-market equity offering and deployed the proceeds to acquire 520 Bitcoin at an average price of $67,068 per coin [1]. The transaction brought the company's USD Reserve — its pool of liquid assets earmarked for digital asset purchases — to $1.4 billion [1].
The company is , the publicly traded software firm that has repositioned itself as a corporate vehicle for Bitcoin accumulation. The acquisition was funded entirely through the ATM program, which allows MicroStrategy to sell stock into the market incrementally without the dilution and execution risk of a traditional overnight secondary offering.
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