MicroStrategy Bolsters Cash Reserves with $2 Billion Equity Raise

MicroStrategy Incorporated (NASDAQ:MSTR), a company focused on bitcoin, has raised $2.01 billion through an at-the-market equity offering. This move saw over 18.2 million shares sold, but importantly, no bitcoins were sold as part of the deal.

The capital raise has strengthened MicroStrategy's liquid reserves and increased its USD Reserve to $5.10 billion. The company also established an additional $1.59 billion in USD Cash and repurchased $136 million of STRC stock.

With this new influx of cash, MicroStrategy holds approximately 4% of the total bitcoin supply as of August 23, 2026. Additionally, the company reported roughly 0% net leverage, a testament to its financial stability.