MicroStrategy Maintains Bitcoin Holdings Amid Price Surge
MicroStrategy (NASDAQ: MSTR) has kept its Bitcoin holdings unchanged for the past week despite a significant rise in BTC's price, which increased by over 24% to above $78,950. The company raised $2 billion through the sale of common stock and boosted cash reserves to $5.1 billion while repurchasing $136.4 million worth of preferred stock (NASDAQ: STRC). MicroStrategy has also established a new liquidity pool called 'USD Cash,' which now holds an additional $1.59 billion, bringing total company liquidity to $6.69 billion. The firm's Bitcoin holdings remain at 840,447 BTC, valued at approximately $66.4 billion as of August 23, with the average acquisition price sitting below current market levels. The USD Cash pool is intended for future Bitcoin purchases and corporate flexibility while maintaining support for preferred stock dividends and debt obligations.
Tickers: $MSTR
Topics: Bitcoin cash reserves liquidity management stock sales