MicroStrategy Incorporated, which trades as Strategy (NASDAQ:MSTR), disclosed in a Form 8-K that it increased its bitcoin reserves between August 4 and August 10, 2025, using proceeds from recent preferred stock sales.
During the period, the company sold 115,169 shares of its 10.00% Series A Perpetual Strife Preferred Stock (STRF), raising $11.5 million in face value and netting $13.6 million after commissions. No common stock or other preferred shares were sold during that time.
The funds were used to purchase 155 bitcoin for roughly $18.0 million, at an average price of $116,401 per coin. As of August 10, 2025, Strategy’s bitcoin holdings totaled 628,946 BTC, acquired for an aggregate $46.10 billion at an average cost of $73,288 per bitcoin.
The company continues to operate multiple at-the-market (ATM) offering programs with more than $47 billion in total capacity across different security classes. As of the reporting date, available capacity included $17.04 billion for common stock, $20.45 billion for STRK preferred stock, $1.87 billion for STRF preferred stock, $4.18 billion for STRD preferred stock, and $4.20 billion for STRC preferred stock.
Strategy emphasized that its latest bitcoin acquisition was funded entirely from the STRF ATM program and proceeds from a prior IPO of Variable Rate Series A Perpetual Stretch Preferred Stock. All figures reflect purchase prices inclusive of fees and expenses.
This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.