MicroStrategy Incorporated, known as Strategy, has reported significant financial activities in its recent at-the-market (ATM) offering programs and updates on its bitcoin holdings. From May 12, 2025, to May 18, 2025, the company sold 1,712,708 of its Class A common stock (MSTR Shares) resulting in net proceeds of $705.7 million, leaving $18.98 billion of MSTR Shares available for sale. Additionally, 621,555 shares of its 8.00% series A perpetual preferred stock (STRK Shares) were sold, garnering $59.7 million and leaving $20.79 billion of STRK Shares available for issuance and sale.
During the same week, Strategy invested $764.9 million to acquire 7,390 bitcoins at an average purchase price of $103,498 per bitcoin. The company’s aggregate bitcoin holdings now total 576,230, with an overall purchase price of $40.18 billion, averaging $69,726 per bitcoin. The bitcoin purchases were funded using proceeds from the sales of MSTR and STRK Shares.
In other developments, on Monday, May 16, 2025, Strategy disclosed that a purported class action lawsuit was filed against the company and certain executives. The lawsuit alleges that false or misleading statements were made regarding the anticipated profitability of Strategy’s bitcoin investment strategy and treasury operations, along with non-disclosure of risks associated with bitcoin’s volatility. The complaint seeks unspecified damages, and the company has stated its intention to defend vigorously against the claims. The outcome or potential loss from the lawsuit remains uncertain.