Strategy reports $82 million in stock sales as Bitcoin buying pauses
Crypto Briefing
MicroStrategy sold $82 million in stock last week but did not purchase additional Bitcoin, maintaining its current treasury holdings.Summary
MicroStrategy recently disclosed in an SEC filing that it sold 492,210 Class A shares for $82 million between April 27 and May 3. Despite the capital raise, the company did not add to its Bitcoin treasury, which remains at 818,334 BTC valued at approximately $64.5 billion. Executive Chairman Michael Saylor confirmed the temporary pause in buying activity, which occurred just before the company's first-quarter earnings report. Currently, the company holds an average acquisition price of roughly $75,537 per Bitcoin, resulting in approximately $2.7 billion in unrealized gains.
(Source：Crypto Briefing)