MicroStrategy Allocates $65.5 Million to Bitcoin Purchase Following Stock Sale
MicroStrategy (MSTR) announced it sold 1.18 million shares of common stock during the week ending November 1, 2026. The company utilized a portion of the proceeds to acquire 811 bitcoins, valued at approximately $65.5 million. In addition to the cryptocurrency acquisition, the firm invested $208 million into Stretch shares and allocated the remaining $98.5 million to its cash reserves. This move highlights the company's ongoing strategy of leveraging equity markets to expand its digital asset treasury.
