Reported 1 day ago
MicroStrategy Inc. has secured $563 million through a preferred stock sale, aimed at financing more Bitcoin purchases. The stock was offered at $80 each, lower than its $100 liquidation preference, and promises an 8% fixed coupon. This offering significantly surpassed the initial target of $250 million and is part of a broader plan to raise up to $2 billion in the first quarter. The firm currently holds around $50 billion in Bitcoin, bolstered by increased purchases since 2020.
Source: YAHOO