MicroStrategy (MSTR) Releases Form 8-K Detailing Recent Capital Market Activities and Bitcoin Holdings
On March 17, 2025, MicroStrategy (MSTR) published a Form 8-K, providing a detailed disclosure on recent capital market activities and its Bitcoin holdings. The company raised funds through an At-The-Market Offering (ATM) of preferred stock and used the proceeds to purchase more Bitcoin. As of March 16, 2025, MicroStrategy’s total Bitcoin holdings have approached 500,000 BTC, demonstrating its strong confidence in the long-term value of Bitcoin.
No Common Stock Sold, Over $1 Billion Raised via Preferred Stock Offering
According to the disclosure in MicroStrategy’s 8-K filing, the company did not sell any common stock between March 10 and 16, 2025, but actively raised funds through the preferred stock ATM program. On March 10, 2025, MicroStrategy entered into a sales agreement with TD Securities, Barclays Capital, Benchmark Company, BTIG, and other financial institutions to issue up to $21 billion of Series A 8.00% Preferred Stock (STRK Shares). As of March 16, 2025, the company has sold 123,000 preferred shares under the program, netting approximately $1.07 billion, with approximately $20.99 billion remaining available for issuance.
MicroStrategy Continues to Increase Bitcoin Holdings
MicroStrategy has further strengthened its “Bitcoin Standard” strategy, using the proceeds from its preferred stock issuance to make significant Bitcoin purchases. According to the latest announcement, between March 10 and 16, 2025, the company purchased 130 Bitcoin at a total cost of approximately $107 million, with an average purchase price of $82,981 per Bitcoin (including fees and other expenses). As of March 16, 2025, MicroStrategy and its subsidiaries hold a total of 499,226 Bitcoin, with an aggregate cost of approximately $33.1 billion, at an average purchase price of about $66,360 per Bitcoin. This positions MicroStrategy as one of the largest holders of Bitcoin among publicly traded companies, further cementing its status as a leading enterprise Bitcoin investor.
Enhanced Information Transparency: Launch of the “Strategy Dashboard”
MicroStrategy also emphasized in its 8-K filing that the company’s “Strategy Dashboard” on its website is an important channel for transparent external disclosures. The dashboard provides real-time market data, including:
- Company stock and preferred stock prices
- Bitcoin purchases and holdings data
- Key performance indicators (KPIs)
- Other relevant financial information
MicroStrategy stated that investors can access the latest information on the company’s operations and financial condition via the dashboard, ensuring compliance with the Fair Disclosure Regulation (Regulation FD).
Recent developments indicate that MicroStrategy continues to actively expand its Bitcoin holdings through the capital markets, with preferred stock issuance as its primary financing tool. Given the volatility of the Bitcoin market, the company’s “Bitcoin-focused financial strategy” may become a reference model for other companies and will continue to attract market attention.
(Strategy Leads the Trend: A Detailed Guide to Bitcoin Reserve Strategy and Investment for Companies)
Risk Warning
Cryptocurrency investments are highly speculative and subject to significant price fluctuations. You may lose your entire principal. Please carefully assess the risks involved.