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 7,300,000 shares of 8.00% Series A Perpetual Strike Preferred Stock at $80.00 per share, with settlement expected on Feb. 5.
According to the press release, MicroStrategy intends to use the net proceeds “for general corporate purposes, including the acquisition of bitcoin and for working capital.”
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