MicroStrategy bought 1,587 Bitcoin (BTC) for $100 million between June 8 and June 14, paying an average of $63,024 per coin.
To fund it, the company sold $209 million of common stock, more than twice what it spent
The gap shows where the rest of the money went. MicroStrategy steered the surplus into a cash reserve set aside for dividends and debt, rather than into more Bitcoin. Common Stock Did All the Work MicroStrategy raised the full $209 million by selling 1,732,553 MSTR shares through its at-the-market program.
It tapped none of its preferred stock lines during the period. That marks a shift. The company has leaned on high-yield preferred issues such as STRC to fund buys for much of the past year.