The post MicroStrategy Upsizes Strike Preferred Stock Offering from $250M to $584M appeared first on Coinpedia Fintech News
In a latest development, Microstrategy announced the pricing of its offering on January 30, 2025, of 7.3 million shares of 8.00% Series A Perpetual Strike Preferred Stock at $80 per share.
MicroStrategy’s (MSTR) first effort to raise capital through perpetual preferred stock likely saw strong demand. The company initially aimed to raise $250 million but successfully raised $563.4 million by selling 7.3 million shares of STRK at $80 each, more than doubling its target.
The dividend yield was also increased to 10% from the initially expected 8%, likely boosting investor interest. The funds will be used to acquire more Bitcoin (BTC).