MicroStrategy Raises $544.5M Through Stock Offering, Cash Reserves Hit $3.75B

According to CoinDesk, MicroStrategy (NASDAQ: MSTR) raised $544.5 million through a stock offering last week (July 27, U.S. time), bringing its total cash reserves to $3.75 billion. The company sold more than 5.4 million shares of common stock. Of the proceeds, $25 million was used to repurchase 288,930 shares of preferred stock (STRC). MicroStrategy did not purchase Bitcoin during the period, with its holdings remaining unchanged at 843,775 BTC.
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