MicroStrategy Sells MSTR Shares and Accumulates Cash Amid Bitcoin Price Decline
MicroStrategy (MSTR) has raised $263.5 million by selling 2.73 million shares through its at-the-market program, increasing cash reserves to $3.2 billion while maintaining a fixed Bitcoin holding of 843,775 BTC. The company's Digital Credit Capital Framework requires liquidity for dividend and debt obligations totaling about $1.76 billion annually.
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