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Strategy spent $142.7M to buy 1,665 Bitcoin, and Saylor says there will be even more.

New sharesRead the original at Benzinga
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MicroStrategy added Bitcoin, but funded the purchase partly by selling MSTR shares, leaving existing owners with smaller stakes. It also bought back preferred shares and reported large cash reserves, so the report points both ways rather than changing its outlook.

MSTR · MicroStrategy

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The AI's read

This adds Bitcoin to a company whose business is closely tied to its Bitcoin holdings. But the share sale leaves existing owners with a smaller slice. MicroStrategy also bought back preferred shares and reported $5.02 billion in reserves plus another $1 billion in cash. These changes pull in different directions, so this report does not change its outlook.

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