MicroStrategy issued 7.3 million shares of 8.00% perpetual preferred stock at $80 per share, expected to bring in $563.4 million for general purposes, including Bitcoin purchases. Conversion and redemption rights apply.

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 Inc. has raised $563 million through a debt-like equity offering to help finance its purchase of more Bitcoin.

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,

Bitcoin investor MicroStrategy’s $250 million preferred-stock offering may price at a discount to its face value of $100 per share due to apparent insufficient demand for the deal.