Bitcoin News Today: MicroStrategy Buys 155 Bitcoins for $18.0M Using ATM and Preferred Stock Proceeds

MicroStrategy Incorporated disclosed the purchase of 155 bitcoins between August 4 and August 10, 2025, at an average price of $116,401 per bitcoin, representing a total investment of $18.0 million [1]. The acquisition was funded through proceeds from its at-the-market (ATM) offering of Series A Perpetual Strife Preferred Stock (STRF) and the previously completed IPO of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC). As of August 10, 2025, the company held 628,946 BTC, with a total purchase price of $46.10 billion and an average cost of $73,288 per bitcoin [1].

During the same reporting period, MicroStrategy reported minimal equity issuance activity. It sold 115,169 shares of STRF at a total face value of $11.5 million, resulting in $13.6 million in net proceeds after fees [1]. No shares of its Class A common stock (MSTR) or other preferred series (STRK, STRD, STRC) were issued during the period. The company retains substantial ATM availability, with $17,042.7 million remaining for common stock and additional capacity across preferred stock classes [1].

The continued use of equity issuance to fund bitcoin purchases underscores MicroStrategy’s long-term capital allocation strategy, which positions the cryptocurrency as a core asset. By leveraging its ATM programs and preferred stock offerings, the company maintains transparency in its financial activities through regular disclosures and a publicly accessible dashboard that tracks bitcoin prices, purchase activity, and holdings [1]. This approach allows shareholders to monitor the firm’s strategic direction and evaluate the impact of equity dilution on long-term value.

MicroStrategy’s ongoing investment in bitcoin highlights the evolving landscape of corporate finance, where digital assets are increasingly integrated into traditional capital structures. The company’s strategy reflects a belief in the long-term value proposition of bitcoin as a strategic reserve asset, despite the inherent volatility of the market. Investors are encouraged to closely monitor the firm’s capital-raising activities, including their implications for dilution, as well as broader market dynamics that may influence future acquisition decisions [1].

Source:

[1] [8-K] MicroStrategy Incorporated 8.00% Series A Perpetual ...

https://www.stocktitan.net/sec-filings/STRK/8-k-micro-strategy-incorporated-8-00-series-a-perpetual-strike-prefer-1cf4609862c5.html