MicroStrategy raises $466.7 million via ATM program, keeps 843,775 BTC holdings unchanged
MicroStrategy (Strategy) raised $466.7M via its at-the-market equity program, lifting cash reserves to $3B earmarked for preferred dividends and debt interest. The firm made no BTC purchases or sales, keeping holdings at 843,775 BTC with an average cost of $75,476. The update signals ongoing balance-sheet funding discipline and near-term absence of incremental corporate spot demand for bitcoin.
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MicroStrategy (Strategy) raised $466.7 million in cash last week through its at-the-market equity program, lifting its U.S. dollar reserve to $3 billion, according to a Monday regulatory filing. The company said it maintains the reserve to fund dividend payments on its preferred stock and interest payments on its outstanding debt. Its bitcoin holdings were unchanged at 843,775 BTC, bought for an aggregate purchase price of approximately $63.69 billion at an average price of $75,476 per bitcoin.