MicroStrategy's Stock Rises 14.7% Amid AI Partnership and Bitcoin Holdings

MicroStrategy's stock price has risen by 14.7% after unveiling a transformative AI partnership that is expected to accelerate growth.

The company has been actively repurchasing its variable-rate Series A perpetual preferred stock, buying about 288,930 shares for roughly $25M at an average price of $86.52 and signaling it aims to be a regular buyer targeting trading near $100.

MicroStrategy disclosed a series of bitcoin sales totaling several thousand BTC in late July and early August, yet still holds roughly 840,000+ BTC acquired for more than $63B, underscoring its role as a dominant corporate bitcoin treasury.