MicroStrategy is shifting its capital strategy to support its Series A preferred stock (STRC). The company used $132.2 million to repurchase STRC shares.
It allocated an additional $52.4 million for STRC dividend payments. A recent $333.7 million sale of common stock funded these transactions.
This move coincides with a seven-week pause in the company’s hallmark Bitcoin acquisitions. Executive Chairman Michael Saylor confirmed the company’s $4.8 billion cash reserve is now primarily intended for dividend coverage.
The strategic shift prioritizes the company’s internal financial framework over immediate Bitcoin expansion. Saylor emphasized a long-term view for investors during this transition.