According to Michael Saylor, his company MicroStrategy (MSTR) anticipates reporting a $14.05 billion gain on its Bitcoin (BTC) holdings for the second quarter, driven by the cryptocurrency's price surge from approximately $82,000 to $108,000. The company, which now holds over 500,000 BTC, also announced a new at-the-market (ATM) offering to sell up to $4.2 billion of its Series A Perpetual Stride Preferred Stock (STRD). A Monday filing stated that proceeds from this new offering are designated for general corporate purposes, including the acquisition of more Bitcoin. This follows a successful second quarter where MicroStrategy raised $6.8 billion through various capital market activities. From a trading perspective, while STRD shares have risen 6% since their launch, MSTR stock dipped 1.2% in pre-market trading as Bitcoin's price slightly retreated to around $108,300, with current market data showing BTC trading at approximately $107,872.

According to BitMEX Research, MicroStrategy's shares have decreased by approximately 49% since their peak analysis on 21 Nov 2024. The company is now aiming to raise $500 million through a perpetual preferred stock offering, signaling a significant shift in its financial engineering strategies.