Users are betting on whether MicroStrategy's aggressive Bitcoin acquisition strategy will soon push its holdings to 500,000 BTC.

The shares, the first preferred stock issue by the largest corporate holder of Bitcoin, didn’t get as strong a reception as the company planned.

MicroStrategy has announced the pricing of its strike preferred stock offering as the company continues to finance Bitcoin through corporate debt.

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.

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 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.

STRK will go on the market for $80 per share, and the company hopes to use the proceeds to buy Bitcoin. MicroStrategy co-founder and chairman Michael Saylor announced on X, formerly Twitter, that the company had upsized the deal from raising $250 million to $584 million.

MicroStrategy Inc. has secured $563 million through a new equity financing structure aimed at expanding its Bitcoin (BTC) holdings.

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

Why Michael Saylor’s MicroStrategy is a brilliant blueprint for manipulating traditional finance to harness the pixie dust of crypto mania.

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) announced the pricing of its offering on January 30 of 7.3M shares of 8.00% series A perpetual strike preferred stock at a