Michael Saylor’s Strategy sells $136 million in preferred stock, adds 8,178 Bitcoin in latest week

Core Insights - The company raised $136.1 million through the sale of preferred stock and used the proceeds to acquire 8,178 bitcoin at an average price of $102,171 per bitcoin [1][5] Group 1: Preferred Stock Sales - The company sold three series of preferred stock under its at-the-market (ATM) offering program, including 39,957 shares of 10.00% Series A Perpetual Strife Preferred Stock (STRF) for $4.0 million in notional value and $4.4 million in net proceeds [2] - It also sold 1,313,641 shares of Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) for $131.4 million in notional value and $131.2 million in net proceeds [2] - Additionally, 5,513 shares of 8.00% Series A Perpetual Strike Preferred Stock (STRK) were sold for $0.6 million in notional value and $0.5 million in net proceeds [2] Group 2: Remaining Capacity and Offerings - As of November 16, the company reported remaining capacity under its ATM programs of $1.64 billion for STRF, $4.04 billion for STRC, $20.34 billion for STRK, $4.13 billion for its 10.00% Series A Perpetual Stride Preferred Stock (STRD), and $15.85 billion for its Class A common stock (MSTR) [3] - The company completed a public offering of 7,750,000 shares of its 10.00% Series A Perpetual Stream Preferred Stock (STRE) at a public offering price of €80.00 per share, generating gross proceeds of approximately €620.0 million (or $716.8 million) [4] Group 3: Bitcoin Acquisitions - The company acquired 8,178 bitcoin during the period from November 10 to November 16 at an aggregate purchase price of $835.6 million, funded by proceeds from the STRE offering and sales of STRF, STRC, and STRK [5] - As of November 16, the company held a total of 649,870 bitcoin, with an aggregate purchase price of approximately $48.37 billion and an average purchase price of $74,433 per bitcoin [6] - In a previous filing covering the period from November 3 to November 9, the company reported selling $50 million across its four preferred stocks and acquiring 487 bitcoin for $49.9 million at an average price of $102,557 per bitcoin [6]