MicroStrategy (NASDAQ:MSTR) continues its bold Bitcoin strategy with a new $563.4 million preferred stock offering, signaling unwavering confidence in the apex crypto. The company announced on Friday that it has priced 7,

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.

Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR). MicroStrategy's (MSTR) initial attempt to expand its capital raising activities via perpetual preferred stock appeared to have been met with strong demand.

MicroStrategy (MSTR) plans to offer 2.5M shares of Series A Perpetual Strike Preferred Stock for general corporate purposes, including Bitcoin acquisition.

MicroStrategy, a business intelligence and Bitcoin-focused company, plans to offer 2.5 million shares of preferred stock to fund general purposes and Bitcoin acquisitions.

Led by Executive Chairman Michael Saylor, the company this week opened a new front along those lines with its perpetual preferred stock offering (STRK). Preferred stock sits between equity and debt on the corporate balance sheet,