MicroStrategy (NASDAQ:MSTR) just pulled off another bold financial move, raising $563.4 million through an offering of 7.3 million convertible preferred shares at $80 each. The real play? More Bitcoin (BTC-USD). MicroStrategy, already the largest corporate holder of BTC, is doubling down on its conviction that Bitcoin is the ultimate store of value.
But not everything is going MicroStrategy’s way. The stock slid nearly 5.6% in the morning, caught in the broader crypto selloff triggered by Trump’s fresh tariffs on Mexico, Canada, and China. Trade war jitters sent markets into risk-off mode, dragging Bitcoin down and putting pressure on Micro Strategy’s stock. Still, there’s a silver liningthere is a $527 million in inflows into digital asset investment products, a sign that institutional money isn’t backing away from crypto just yet.
With 471,107 BTC on its balance sheet, acquired for $30.4 billion at an average of $64,511 per coin, MicroStrategy is playing the long game. The big question now: will Micro Strategy continue to track Bitcoin’s moves, or is the market starting to treat it differently? Either way, Saylor’s Bitcoin bet remains one of the boldest plays in corporate financeone that investors can’t afford to ignore.
This article first appeared on GuruFocus.
