Overview
- MicroStrategy disclosed Monday in a Form 8-K that it bought 24,869 bitcoin for about $2.01 billion at an average price of $80,985 per coin.
- The company funded roughly 97% of the purchase by selling 19,519,801 shares of its STRC perpetual preferred for about $1.949 billion, plus $83.7 million from 430,344 MSTR common shares.
- Total holdings rose to 843,738 bitcoin acquired for about $63.87 billion at an average cost of $75,700 per coin, representing more than 4% of the asset’s fixed supply.
- The company also agreed to repurchase about $1.5 billion face value of 2029 convertible notes for roughly $1.38 billion, with settlement around Tuesday.
- Shareholders are voting through June 8 on moving STRC dividend payments from monthly to twice monthly, with a May 20 Q&A featuring Michael Saylor and CEO Phong Le to spur retail turnout.