MSTR is trading 4.8% down at $151.50 following an update to its at-the-market equity program and Bitcoin holdings.
- The company disclosed raising $128.3 million via stock sales and a small Bitcoin sale to fund preferred distributions.
- Traders are reacting to equity dilution concerns alongside a 2% drop in Bitcoin, which is pressuring crypto-linked names.
- The decline occurs despite a slightly positive broader equity market, as investors weigh the impact of the capital raise.