MicroStrategy Incorporated's Stock Analysis

MicroStrategy Raises $716.8 Million from Preferred Stock Offering

MicroStrategy Incorporated completed an initial public offering on November 13, 2025, raising approximately €620.0 million (or $716.8 million) through the sale of 7,750,000 shares of its 10.00% Series A Perpetual Stream Preferred Stock (STRE Stock). The net proceeds from the offering, after deducting expenses, were about €608.8 million (or $703.9 million). The STRE Stock accumulates cumulative dividends at a rate of 10.00% per annum, payable quarterly, starting December 31, 2025. If regular dividends are not declared, compounded dividends will accrue at increasing rates, with potential maximum rates reaching 18% per annum under certain conditions.

The STRE Stock has specific provisions for redemption and repurchase. MicroStrategy can redeem the shares if less than 25% of the original shares remain outstanding or if certain tax events occur. In the event of a fundamental change, holders can request a cash repurchase at the stated amount plus any accumulated dividends. The liquidation preference for the STRE Stock is initially set at €100 per share, with adjustments based on market conditions. Detailed terms are outlined in the Certificate of Designations filed with the Secretary of State of Delaware.

Nov 13, 2025 16:10:44

MicroStrategy Updates on ATM Sales and Bitcoin Holdings

MicroStrategy announced updates regarding its at-the-market offering program, detailing the total face value of preferred stock sold and net proceeds after sales commissions. The company also disclosed that its bitcoin purchases were funded by proceeds from the sale of various stocks under this program, with aggregate and average purchase prices inclusive of fees and expenses.

Additionally, MicroStrategy maintains a public dashboard on its website to share information about market prices of its securities, bitcoin purchases, and key performance indicators. Investors are encouraged to regularly check this dashboard for updates, which serve as a channel for non-public information in compliance with regulatory obligations.

Nov 10, 2025 08:00:27

MicroStrategy Launches €620 Million Offering of Preferred Stock

MicroStrategy Incorporated has entered into an underwriting agreement for the sale of 7,750,000 shares of its 10.00% Series A Perpetual Stream Preferred Stock at a price of €80.00 per share, aiming for gross proceeds of approximately €620 million (or $715.1 million). The offering is set to settle on November 13, 2025, and the company expects net proceeds of about €608.8 million (or $702.2 million) after expenses. The funds will be used for general corporate purposes, including the acquisition of bitcoin and working capital.

The STRE Stock will offer cumulative dividends at a rate of 10.00% per annum, payable quarterly, with provisions for compounded dividends if payments are deferred. MicroStrategy retains the right to redeem the stock under specific conditions, including if the number of shares outstanding falls below 25% of the original issuance. The offering is being conducted under an effective shelf registration statement with the SEC, and the stock will not be offered to retail investors in the EEA or UK.

Nov 07, 2025 08:05:49

MicroStrategy Consolidates At-The-Market Offering Programs for Efficiency

On November 4, 2025, MicroStrategy Incorporated consolidated its existing at-the-market offering programs to enhance efficiency in administration and potential future offerings. The company entered into an Omnibus Sales Agreement with multiple sales agents, allowing it to issue and sell various classes of shares, including Common Stock and Future Designated Preferred Stock, through these agents. The agreement amends and replaces prior sales agreements and is part of a strategy to streamline operations related to share offerings.

Additionally, MicroStrategy filed a base prospectus supplement with the SEC under its existing automatic shelf registration statement. This supplement details the terms for the currently offered shares, which correspond to previously unsold amounts from terminated offerings. The company may sell shares at its discretion through the agents, who are compensated with commissions up to 2% of gross proceeds. The sales process is subject to specific conditions, and the company can suspend or terminate offerings as needed.

Nov 04, 2025 11:45:50

MicroStrategy Plans Initial Public Offering of Preferred Stock

MicroStrategy Incorporated announced its intention to conduct an initial public offering of 3,500,000 shares of its 10.00% Series A Perpetual Stream Preferred Stock, known as STRE Stock. The offering is subject to market conditions, and the company plans to use the net proceeds for general corporate purposes, including the acquisition of bitcoin. Regular dividends on the STRE Stock will be paid quarterly, starting December 31, 2025, and will accumulate if not paid on time. The liquidation preference is set at €100 per share, with potential adjustments based on market conditions.

The offering is being managed by several financial institutions, including Barclays Bank PLC and Morgan Stanley & Co. International plc, and is made under an effective shelf registration statement with the SEC. The STRE Stock is targeted at qualified investors and will not be available to retail investors in the European Economic Area or the United Kingdom. The company emphasizes its strategy of accumulating bitcoin as a primary treasury reserve asset, alongside its focus on AI-powered enterprise analytics software.

Nov 03, 2025 17:22:28

MicroStrategy Updates on Stock Offerings and Bitcoin Holdings

MicroStrategy Incorporated announced updates regarding its at-the-market offering programs, including the total face value of preferred stock sold, which will be used to calculate dividends. The net proceeds from these offerings are reported after deducting sales commissions.

The company also provided updates on its bitcoin holdings, indicating that purchases were made using proceeds from various at-the-market offerings. The aggregate and average purchase prices of bitcoin include associated fees and expenses. Investors can access ongoing updates and metrics through the company's website dashboard.

Nov 03, 2025 07:59:27

MicroStrategy Reports Q3 2025 Financial Results and Dividend Increase

MicroStrategy announced its financial results for the third quarter of 2025, reporting a net income of $2.8 billion and diluted earnings per share of $8.42. The company achieved an operating income of $3.9 billion, marking a significant recovery from a loss in the same period last year. Additionally, the firm holds approximately 640,808 bitcoins, valued at $70.9 billion, with a year-to-date BTC yield of 26% and a BTC gain of $12.9 billion.

The company has increased the dividend rate on its Variable Rate Series A Perpetual Stretch Preferred Stock from 10.25% to 10.50%, effective November 1, 2025. The cash dividend will be paid on November 30, 2025, to stockholders of record as of November 15, 2025. MicroStrategy's ongoing capital markets activity has generated significant net proceeds, and it continues to maintain a robust strategy for managing its bitcoin assets and securities offerings.

Oct 30, 2025 16:34:14

MicroStrategy Updates on Stock and Bitcoin Holdings

MicroStrategy Incorporated announced updates regarding its at-the-market offering programs, including the total face value of preferred stock sold, which is used for dividend calculations, and that net proceeds are reported after sales commissions. The company also provided information about its bitcoin purchases, stating that these were made using proceeds from various ATM offerings, with aggregate and average purchase prices including associated fees and expenses.

Additionally, MicroStrategy maintains a dashboard on its website to share information with the public, including market prices of its securities, bitcoin holdings, and key performance indicators. Investors are encouraged to regularly check this dashboard for updates and disclosures, ensuring compliance with Regulation FD regarding the distribution of non-public information.

Oct 27, 2025 08:00:26

MicroStrategy Updates on Bitcoin Holdings and ATM Offering Program

On October 13, 2025, MicroStrategy Incorporated announced updates regarding its at-the-market (ATM) offering programs and its bitcoin holdings. The company raised $27.3 million through these offerings and purchased an additional 220 bitcoin, bringing its total holdings to 640,250 bitcoin. MicroStrategy is recognized as the largest corporate holder of bitcoin and has adopted it as its primary treasury reserve asset.

The company maintains a dashboard on its website to provide public information about its market prices, bitcoin purchases, and other key performance metrics. This dashboard serves as a channel for broad distribution of information to investors and the public, ensuring compliance with regulatory disclosure obligations. Investors are encouraged to regularly check this dashboard for updates on the company's financial activities and asset management.

Oct 14, 2025 07:59:25

MicroStrategy Reports Financial and Bitcoin Holdings Update for Q3 2025

As of September 30, 2025, MicroStrategy reported significant financial activity, including $5.09 billion in net proceeds from capital markets transactions during the quarter. The company announced an unrealized gain of $3.89 billion on its bitcoin holdings, offset by a deferred tax expense of $1.12 billion. Notably, the company has adopted new accounting standards affecting how it reports its digital assets, which could influence future profitability. Additionally, the company has outstanding debts totaling $8.24 billion and preferred stock with a notional value of $6.59 billion, highlighting ongoing financial obligations.

The company completed a 10-for-1 stock split of its common stock on August 7, 2024, and has updated its at-the-market offering programs. The board of directors also increased the monthly dividend rate on its preferred stock effective October 1, 2025. The financial report indicates that while unrealized gains on bitcoin can positively impact earnings, they do not generate cash, which raises concerns about liquidity and the ability to meet financial obligations if bitcoin prices decline. Investors should consider the volatility of bitcoin and its potential impact on the company's financial health.

Oct 06, 2025 07:59:30