Subscribe to Bankless or sign in
MicroStrategy unveiled a $500 million preferred stock offering to fund further 
Bitcoin acquisitions, even as its stock dipped 5% amid market turbulence.
What’s the Scoop?
- Stock Offering: MicroStrategy plans to issue 5 million shares of its new Series A perpetual preferred stock (STRF) to raise $500 million.
- Dividend Terms: The new STRF stock offers a fixed 10% annual cash dividend, compounded quarterly if not paid.
- Market Reaction: MicroStrategy’s Bitcoin holdings now stand at 499,226 BTC, and its stock saw a 5% decline following the announcement amid a broader market dip.
2
0
