MicroStrategy is shaking up the market by announcing a 2.5 million share offering and increasing its Bitcoin holdings to a staggering 471,000 BTC, indicating a bold and promising future ahead.
The company has unveiled a public offering for 2.5 million shares of its latest Series A Perpetual Strike Preferred Stock, $STRK. The funds raised will go towards various corporate purposes, including acquiring more Bitcoin and boosting their working capital.
The preferred stock will have a liquidation preference of $100 and will provide quarterly dividends starting March 31, 2025. Investors have the choice to receive dividends in cash, MSTR Class A common stock, or through a combination of both.
Additionally, the preferred stock can be converted into common stock under specific circumstances. MicroStrategy also has the right to redeem the preferred stock early if its liquidation value falls below 25% of the original offering or if certain tax events occur.
