MicroStrategy Sells Bitcoin, Buys Back Preferred Stock

CoinDesk · breaking-news

MicroStrategy has raised $104.73 million by selling 1,638 bitcoin. The company also secured an additional $290.6 million through the sale of common stock. Furthermore, MicroStrategy repurchased 912,143 shares of its high-yielding preferred stock, STRC, for $81 million. These financial maneuvers indicate strategic adjustments in the company's capital management and asset holdings.