#MicroStrategy Breaks
$BTC Buying Streak While Launching $4.2 Billion Stock Offering
MicroStrategy has ended its three-month weekly
$BTC purchasing streak for the first time since April.
Chairman Michael Saylor announced, "Some weeks you just need to HODL," instead of additional purchases.
The company launched a new $4.2 billion STRD preferred stock offering to fund future
$BTC acquisitions.
MicroStrategy's #treasury now holds nearly 600,000
$BTC valued at approximately $65 billion.
The firm added nearly
$7 billion worth of
$BTC during Q2 with $14.05 billion in unrealized gains.
STRD represents the "fourth gear" of the company's
$BTC acquisition engine targeting yield-focused investors.
MicroStrategy controls over 2.8% of the total
$BTC supply, making it the world's largest corporate hodler.
The company maintains additional preferred stock offerings, STRK and STRF, with various dividend features.
MSTR shares declined 0.75% to $400.96 but remain up 39% year-to-date despite recent #volatility.
