MicroStrategy Raises $427 Million Through Share Issuance to Fuel Bitcoin Acquisitions
MicroStrategy has raised $427 million through share issuances to support its Bitcoin acquisition strategy. The company issued 847,000 shares of Class A Common Stock, netting $348.7 million, and sold 678,970 shares of 8.00% series A perpetual preferred stock for $67.9 million, along with 104,423 shares of 10.00% series A perpetual preferred stock for $10.4 million. This funding is aimed at strengthening MicroStrategy's financial position and enhancing its Bitcoin investments.
MicroStrategy® Incorporated, operating under the name Strategy™, has announced updates regarding its at-the-market offering programs. The company has recently issued 847,000 shares of its Class A Common Stock, raising net proceeds of $348.7 million. Additionally, 678,970 shares of its 8.00% series A perpetual strike preferred stock were sold, generating $67.9 million, while 104,423 shares of its 10.00% series A perpetual strife preferred stock were issued, bringing in $10.4 million. In total, these offerings have raised $427.0 million. These proceeds are part of the company's ongoing strategy to bolster its financial position and support its bitcoin acquisition initiatives.
