MicroStrategy Stock Plummets Following $563 Million Stock Offering: What Investors Need to Know
Shares of MicroStrategy (MSTR) fell 6% in pre-Market trading after the company announced the issuance of 7.3 million shares of preferred stock at $80 each. This move aims to raise about $563.4 million to buy more Bitcoin and cover operating costs, part of their plan to increase Bitcoin holdings significantly over the coming years. The ...
