MicroStrategy Stock Surges as Bitcoin Bet Deepens
MicroStrategy's stock price has surged by 8.12% after announcing a transformative AI partnership and expansion strategy.
The company posted a huge GAAP loss tied to $8.3B in unrealized bitcoin markdowns while pushing its bitcoin stack toward 846,000 BTC and raising over $4.2B in fresh equity capital.
MicroStrategy cut convertible debt by 18% and lifted its USD reserve to $3.75B, giving roughly 25 months of preferred dividends and more balance-sheet flexibility.