One Week Stock Sales Near 6 Billion USD: ATM Mechanism Launched for Fundraising

MicroStrategy (NASDAQ: MSTR) revealed in an 8-K report submitted to the U.S. Securities and Exchange Commission (SEC) on March 24 that the company raised over $590 million in just one week through its existing At-the-Market (ATM) issuance plan.

According to the report, from March 17 to 23, the company sold 1.975 million Class A common shares through an equity ATM mechanism in collaboration with multiple brokers, including TD Securities, Barclays, and BTIG. After deducting sales commissions, the net fundraising amount was approximately $592.6 million. The plan currently has a remaining issuance quota of about $3.57 billion.

Newly Issued STRK Preferred Shares Also Help Raise Funds

In addition to common shares, MicroStrategy has activated another new fundraising channel: the ATM plan for STRK Series A Perpetual Redeemable Preferred Shares. This mechanism was officially launched on March 10, with the broker lineup further expanded to include Compass Point, H.C. Wainwright, and Santander.

As of March 23, the company had issued 13,100 STRK preferred shares, raising approximately $1.1 million after expenses. The remaining fundraising space for the STRK plan is as high as $20.99 billion.

Large-Scale Cryptocurrency Purchase: Bought 6,911 Bitcoins in 7 Days

One of the main purposes of MicroStrategy's fundraising this time is to continue adding to its Bitcoin holdings. According to the announcement, the company purchased 6,911 Bitcoins between March 17 and 23 at an average price of $84,529 per Bitcoin (including fees), with a total transaction amount of approximately $584.1 million, almost exactly matching its fundraising amount for the week.

These Bitcoins were acquired after fundraising through both the common stock and STRK preferred stock ATM mechanisms.

MicroStrategy Total Bitcoin Holdings Exceed 500,000! Average Cost Around $66,600

After this Bitcoin purchase, MicroStrategy and its subsidiaries now hold a total of 506,137 Bitcoins, with a total purchase price of $33.7 billion and an average holding cost of $66,608 per Bitcoin (including fees). This further solidifies the company's position as the largest corporate Bitcoin investor among listed companies.