MicroStrategy Inc. Announces Financial Update and Preferred Stock Offering

MicroStrategy Incorporated recently disclosed in an 8-K SEC filing that during the period from January 27, 2025, until February 2, 2025, the company did not conduct any sales of class A common stock through its at-the-market equity offering program and did not make any bitcoin purchases. This announcement comes after the company revealed the pricing of its offering of 7,300,000 shares of 8% Series A Perpetual Strike Preferred Stock at $80 per share, resulting in total net proceeds amounting to $563.4 million. The closing of this offering is anticipated to take place on February 5, 2025, pending standard closing conditions. MicroStrategy intends to allocate the proceeds from this offering for general corporate objectives, including potential bitcoin acquisitions.

As of February 2, 2025, MicroStrategy and its subsidiaries collectively held approximately 471,107 bitcoins, acquired at an aggregate purchase cost of around $30.4 billion. The average purchase price per bitcoin stood at roughly $64,511, which includes associated fees and expenses.

In accordance with the Securities Exchange Act of 1934, MicroStrategy Incorporated’s report was signed by W. Ming Shao, the Executive Vice President, and General Counsel, on February 3, 2025.

This information serves as a key update regarding MicroStrategy’s recent financial activities and plans for utilizing the proceeds gained from the preferred stock offering.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read MicroStrategy’s 8K filing here.

About MicroStrategy

MicroStrategy Incorporated provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy ONE, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making; and MicroStrategy Cloud for Government service, which offers always-on threat monitoring that meets the rigorous technical and regulatory needs of governments and financial institutions.