MicroStrategy Sells 1,690 BTC, 6.59M Shares for $761.7M in Cash Raise
The firm sold Bitcoin at an average $64,262, below its $75,385 cost basis, to fund preferred stock buybacks and boost cash reserves. MicroStrategy (MSTR) sold 1,690 Bitcoin for $108.6 million and 6.59 million shares for $653.1 million last week. The Bitcoin sales, at an av