MicroStrategy Raises $1.44B Dollar Reserve; MSTR Stock, Volume Spike as BTC Volatility Pressures Outlook

MicroStrategy (MSTR) said it raised a $1.44 billion U.S. dollar reserve to cover preferred-stock dividends and interest on debt, and revised its full-year profit outlook after bitcoin declined roughly 30% from its October peak. The announcement coincided with heavy trading in MSTR — volume surged to about 42.9 million shares, the busiest day since Dec. 20, 2024 — and pushed the stock down intraday (as much as ~12.5% in earlier reports) before settling down about 3.25% at $171.42. The company still holds roughly 650,000 BTC (about $56 billion at current prices) and said earnings could range widely, from a ~$5.5 billion net loss to up to $6.3 billion net income depending on bitcoin’s price. Critics flagged the capital raise as potentially dilutive and a sign MicroStrategy is prioritizing cash/Treasuries to meet dividend obligations instead of buying more bitcoin. For traders: the move reduces immediate pressure for MicroStrategy to liquidate BTC holdings but raises dilution and sentiment risk for MSTR shares; MSTR’s amplified correlation with BTC means equity liquidity spikes and corporate funding actions can intensify market moves in both the stock and bitcoin.