MicroStrategy, preferred stock
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MicroStrategy’s New Preferred Issue Yields 10% as Stock Sells at Discount
MicroStrategy Raises $563 Million From Preferred Stock Sale
MicroStrategy Inc. has raised $563 million through a debt-like equity offering to help finance its purchase of more Bitcoin.
MicroStrategy Upsizes Preferred Stock Offering, Raising $563M for More Bitcoin
Why Michael Saylor’s MicroStrategy is a brilliant blueprint for manipulating traditional finance to harness the pixie dust of crypto mania.
Either MicroStrategy’s Michael Saylor is a visionary, or he’s a delusional egomaniac,” Forbes observed in 1998, during the company’s first incarnation as a Wall Street highflyer.
MicroStrategy’s stock is set to snap the longest losing streak it’s seen in a year after adding another bullish analyst on bitcoin to its camp.
MicroStrategy (NASDAQ: MSTR) has priced its offering of 7.3M shares of 8.00% Series A Perpetual Strike Preferred at $80.00 per share. The issuance and sale of the perpetual strike preferred stock are scheduled to settle on February 5, 2025, subject to customary closing conditions.
MicroStrategy was born a software company, but at this point it's best known for its massive bitcoin holdings — and it may be changing its name to reflect as much.
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MicroStrategy (NASDAQ: MSTR) has been one of the most unlikely winners in the software sector in recent years. The company has evolved from an enterprise analytics software company to primarily a Bitcoin (CRYPTO: BTC) treasury company,
New rules could tax unrealized gains on bitcoin holdings at large companies.
MicroStrategy anticipates netting approximately $563.4 million from this offering, after accounting for underwriting discounts, commissions, and estimated offering expenses. The firm has expressed intentions to allocate the proceeds towards general corporate purposes,
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MicroStrategy’s perpetual convertible oversubscribed by nearly 3X after Saylor’s Forbes magazine coverMicroStrategy Inc. (MSTR) has seen an oversubscription of its latest perpetual convertible preferred stock offering, with subscriptions rising from 2.5 million shares to 7.3 million shares, priced at $80 each.
MicroStrategy Inc. bought Bitcoin for a 12th consecutive week and unveiled details for the sale of perpetual preferred stock to help finance additional purchases of the cryptocurrency.
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