MicroStrategy Boosts Preferred Stock Offering, Gathering $563 Million to Expand Bitcoin Holdings.

MicroStrategy (MSTR) raised an impressive $563.4 million through its recent perpetual preferred stock offering, far surpassing its initial $250 million target. The company sold 7.3 million shares of the newly issued STRK series at $80 per share.

In an effort to attract more investors, the dividend yield has been raised to 10%, up from the original 8% estimate.

The funds generated will go toward MicroStrategy’s ongoing strategy to expand its Bitcoin (BTC) holdings, further solidifying its position as one of the largest corporate Bitcoin holders.

  • Related Posts

    Polymarket faces a $520K exploit concern on Polygon flagged by ZachXBT, but developers say assets are safe.

    Blockchain investigator ZachXBT has flagged a suspected security incident involving Polymarket, the world’s largest decentralized prediction market, after on-chain data indicated that more than $520,000 was drained from smart contracts…

    Continue reading
    Near Protocol’s move to self-automate growth is powering a rapid spike in its token value.

    NEAR Protocol is set to deploy dynamic resharding in June, an upgrade that will allow the blockchain to automatically scale by adding new shards as demand increases, removing the need…

    Continue reading