Corporate Treasury

Michael Saylor's company bought roughly 31 days of global mining output in a single week, paying $71,902 per coin through sales of its Stretch preferred stock without issuing a single common share.

The sixth-largest bitcoin miner by hash rate sold its entire active treasury across February and March, slashing mining costs by 19 per cent while securing $75 million in fresh capital to convert its global infrastructure to AI compute.

The company formerly known as MicroStrategy recorded its largest-ever paper loss as bitcoin fell 22.6 per cent during the quarter, then immediately resumed buying in early April.