MicroStrategy Is Asking MSTR Investors to Make One Big Trade-Off

MicroStrategy has now gone five straight weeks without buying Bitcoin, instead raising $544.5 million by selling 5.43 million shares.

Its cash reserve stands at $3.75 billion, but continued share dilution has sparked criticism, especially after earlier signaling it would avoid issuing stock below a 1.2x NAV. We repurchased 288,930 shares of $STRC for $25M at an average price of $86.52 per share.

We intend to remain a regular, disciplined buyer of STRC below $100. More at deeper discounts, less as STRC nears $100.

Another $975M remains available for our prefs.https://t.co/wqJRCmgbiY— Strategy (@Strategy) July 27, 2026 Follow us on X to get the latest news as it happens “This harms current share holders a lot because Every share sold dilutes existing holders, and they’re being diluted to fund a Bitcoin position that’s already down $8.84 billion,” analyst Bull Theory noted.