MicroStrategy Stock Plummets After $563 Million Stock Offering: What Investors Need to Know
Shares of MicroStrategy (MSTR) fell by 6% during pre-Market trading after the company announced it would issue 7.3 million shares of preferred stock at $80 each to raise approximately $563.4 million. This funding will help MicroStrategy expand its Bitcoin holdings as part of its “21/21” plan, aiming to raise $42 billion over three years. The ...