MicroStrategy maintains its Bitcoin holdings at 843,775 tokens while increasing its cash reserves by $466.7 million through recent at-the-market stock sales to support preferred dividend payments.
Key Points
- MicroStrategy holds 843,775 Bitcoin acquired at an average price of $75,476 per coin.
- The company raised $466.7 million in cash, bringing total U.S. dollar reserves to $3 billion.
- Funds are designated to support dividend payments for the company's preferred stock, NASDAQ: STRC.
- MicroStrategy shares have declined 79% over the past 12 months, currently trading at $94.64.
- Bitcoin is facing renewed market pressure as global geopolitical tensions and rising oil prices impact investor sentiment.