MicroStrategy Launches $563.4 Million Stock Offering to Acquire More Bitcoin
- MicroStrategy is launching a perpetual strike preferred stock offering priced at $80 per share.
- The company aims to raise $563.4 million, with part of the funds allocated for Bitcoin acquisition.
- The preferred stock offers a liquidation preference of $100 per share with an 8.00% annual dividend rate.
- Shareholders recently approved increasing common shares from 330 million to 10.3 billion and preferred shares from 5 million to 1 billion.
- MicroStrategy currently holds approximately 471,107 BTC valued at over $48 billion.
MicroStrategy has announced a new stock offering to raise $563.4 million, aiming to use part of the proceeds for acquiring additional Bitcoin. The company already holds around 471,107 BTC worth over $48 billion.
Source (2.6)https://dailyhodl.com/2025/02/01/microstrategy-announces-563400000-stock-offering-says-part-of-proceeds-will-be-use-to-acquire-more-bitcoin/?rand=59076
