MicroStrategy Raises $357M in Stock to Buy More Bitcoin
MicroStrategy Inc. has resumed its at-the-market (ATM) common stock offering and raised approximately $357 million in net proceeds. The company immediately deployed these funds to acquire an additional 9 245 BTC at an average price near $38 600 per coin, boosting its total Bitcoin holdings to over 154 000 BTC valued at around $5.9 billion. The ATM program remains open for further share sales, supporting MicroStrategy’s strategy of funding Bitcoin purchases through equity issuance. This move underscores continued institutional adoption of Bitcoin and reinforces MicroStrategy’s position as the largest corporate holder of the asset.
Bullish
By funding Bitcoin purchases with equity rather than debt, MicroStrategy minimizes financial leverage and signals strong institutional confidence in BTC. Its consistent accumulation trend has historically correlated with positive market sentiment and price rallies. The fresh $357 million buy reinforces demand and could provide price support in the short term, while the open ATM program ensures capacity for future buys, bolstering long-term bullish momentum for Bitcoin.