MicroStrategy Incorporated is trading 5.5% up at $127.09 in pre-market, rebounding after a sharp multi-day slide and tracking a firmer cryptocurrency backdrop.
- The company raised $181 million via an at-the-market stock offering and used $101.3 million of the proceeds to acquire 1,550 additional bitcoins between June 1 and June 7.
- The move reinforces the firm's core Bitcoin accumulation strategy as major digital assets trade higher.
- The latest purchase brings the company's total holdings further in line with its aggressive treasury reserve policy.