Strategy updates bitcoin holdings after preferred stock sales

MicroStrategy Incorporated, operating as Strategy (NASDAQ: MSTR), announced updates to its at-the-market offering programs and bitcoin holdings for the period of August 4-10, 2025, according to a Form 8-K filing.

During the reported period, Strategy sold 115,169 shares of its 10.00% Series A Perpetual Strife Preferred Stock (NASDAQ: STRF) for $11.5 million in notional value, generating $13.6 million in net proceeds after sales commissions. The company did not sell any common stock or other preferred shares during this timeframe.

Strategy used the proceeds from these preferred stock sales to acquire 155 bitcoin for approximately $18.0 million, at an average purchase price of $116,401 per bitcoin. As of August 10, 2025, the company held 628,946 bitcoin with an aggregate purchase price of $46.10 billion and an average purchase price of $73,288 per bitcoin.

The company maintains multiple at-the-market offering programs totaling over $47 billion in capacity across various securities. As of August 10, Strategy had $17.04 billion available under its common stock ATM program, $20.45 billion under its STRK preferred stock program, $1.87 billion under its STRF program, $4.18 billion under its STRD program, and $4.20 billion under its STRC program.

Strategy noted that bitcoin purchases were funded through proceeds from the STRF ATM program and a previously completed initial public offering of Variable Rate Series A Perpetual Stretch Preferred Stock. All purchase prices include fees and expenses.

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