According to @saylor, Michael Saylor's MicroStrategy (MSTR) expects to report a $14.05 billion gain on its Bitcoin holdings for the second quarter, as the price of BTC rose from approximately $82,000 to $108,000 during the period. The company, which holds over 500,000 BTC, has announced a new at-the-market (ATM) offering to sell up to $4.2 billion of its Series A Perpetual Stride Preferred Stock (STRD). In a key development for crypto traders, the filing confirms proceeds are intended for general corporate purposes, including the acquisition of more Bitcoin. Following the news, MSTR shares were down 1.2% in premarket trading, while Bitcoin (BTC) experienced a slight pullback, trading around $107,872.

According to @lookonchain, Michael Saylor's company, Strategy (MSTR), has increased its Bitcoin holdings by purchasing an additional 4,980 BTC for $531.9 million last week. This latest acquisition brings the company's total reserves to 597,235 BTC, acquired at an aggregate cost of $42.4 billion, reflecting an average price of $70,982 per coin, as stated in the report. The source notes that the purchase was funded through the sale of approximately $519 million in common shares and $59 million in preferred stock. Following the news, MSTR shares saw a 1.3% increase in premarket trading, indicating a positive market reaction to the continued accumulation strategy.

According to Michael Saylor, MicroStrategy's ($MSTR) treasury operations achieved a remarkable $459 million gain through Bitcoin this month. This substantial gain is a result of strategic Bitcoin investments, underscoring MicroStrategy's ongoing commitment to cryptocurrency as a core asset. For traders, this presents a significant case study in corporate Bitcoin adoption and its impact on stock performance. Investors might consider this as a bullish signal for $MSTR, especially as Bitcoin volatility continues to influence market movements.