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 ...
MicroStrategy is planning to offer 2.5 million shares of its Series A Perpetual Strike Preferred Stock to raise funds for general corporate purposes, especially for acquiring more Bitcoin. The stock will have a liquidation preference of $100 per share and will pay fixed-rate cumulative dividends starting March 31, 2025. Investors can convert their shares to ...
MicroStrategy, a US-based development and business intelligence firm, is set to bolster its Bitcoin holdings using an estimated $2 billion from a preferred stock offering. The company’s ambitious “21/21” plan aims to raise a total of $21 billion in equity and fixed-income instruments to finance more Bitcoin investments. MicroStrategy already holds a significant amount of ...
