MicroStrategy (MSTR) exceeded its initial capital raising target by securing $563.4 million through a perpetual preferred stock offering. Originally aiming for $250 million, the company successfully sold 7.3 million shares of its newly introduced STRK series at $80 per share.
The offering’s dividend yield has been adjusted upwards to 10%, surpassing the initial 8% projection, likely to attract even greater investor interest.
The funds raised will be allocated to acquiring additional Bitcoin (BTC), reinforcing MicroStrategy’s ongoing strategy of expanding its cryptocurrency holdings.
