MicroStrategy has completed the sale of 3,46 million shares, raising approximately €305 million. Unlike previous transactions, the company has allocated these funds to dividends, share buybacks, and strengthening its cash reserves, without acquiring new bitcoins for its corporate treasury this time.
Details of the financial transaction
During the last week, MicroStrategy has raised $333,7 million (approximately €305 million) through a common stock sale program. This transaction took place between August 10 and 16, according to documents filed with the U.S. Securities and Exchange Commission (SEC).
The sale of shares was structured to provide the company with greater operating liquidity, allowing it to meet corporate financial commitments and maintain a solid cash position in the face of market volatility.
Despite not having made any additional Bitcoin purchases during this period, MicroStrategy's management has reiterated that its long-term strategy regarding digital assets remains unchanged.
Investing in cryptoassets is not fully regulated, may not be suitable for retail investors due to high volatility and there is a risk of losing all invested amounts.
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