MicroStrategy cash reserve hits $3.75B - not a single Bitcoin sold

MicroStrategy’s cash reserve just hit $3.75 billion — and the company got there without selling a single bitcoin. The firm, officially operating under the ticker MSTR and led by Executive Chairman Michael Saylor, completed a $544.5 million capital raise last week through the sale of common stock, disclosed in an SEC filing on Monday morning, according to CoinDesk.

Key takeaways

• MicroStrategy’s cash reserve stands at $3.75 billion following a $544.5 million common stock sale.
• The reserves cover 2.1 years of preferred stock dividend payments, per Michael Saylor.
• $25 million of the raised funds was used to repurchase 288,930 shares of the high-yield preferred stock STRC.
• Bitcoin holdings remain unchanged at 843,775 coins — no new purchases or sales.
• Both MSTR and STRC rose approximately 2.5% pre-market as bitcoin climbed to $65,000 over the weekend.

MicroStrategy boosts cash reserves through common stock sale

The mechanics are straightforward, but the strategic signal is harder to ignore. Rather than tapping its bitcoin stack or issuing new debt, the company turned to equity markets to generate the capital it needed. The result: a liquidity cushion that now stands at $3.75 billion, giving MicroStrategy meaningful runway to manage its obligations without touching its crypto reserves.

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