Sunday, August 3, 2025

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MicroStrategy Files For $500 Million At The Market Financing To Buy Bitcoin

MicroStrategy (NASDAQ: MSTR) is looking to again dilute shareholders, seemingly in an effort to prop up the price of bitcoin. The firm late last night filed a prospectus, indicating it is looking to conduct a significant at-the-market offering.

The offering will see the firm sell up to US$500 million in common shares on the open market, under an arrangement entered into with Cowen and Company, as well as BTIG. Based on the most recent closing price of $234.50 at time of filing, the company expects to sell approximately 11.5 million shares in the process of the financing, if it wishes to complete it in full and assuming the price remains relatively unchanged.

Proceeds from the offering are expected to be used for general corporate purposes, “including the acquisition of bitcoin.”

The decision to raise further funds follows the resignation of Michael Saylor from the of Chief Executive of the company last month, and instead taking on the role of executive chairman. As part of his mandate, he is to be focused on bitcoin acquisition strategies. His departure followed a pornographic loss of $1.06 billion in the second quarter, which was blamed on the crypto winter.

As of September 8, the firm reported bitcoin holdings of 129,699, which were acquired at an average price of $30,664.

MicroStrategy last traded at $261.97 on the Nasdaq.


Information for this briefing was found via Edgar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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