MicroStrategy's preferred stock STRK raised a net amount of US$563.4 million, which will be mainly used to acquire Bitcoin and operate

Odaily Planet Daily News According to official news, MicroStrategy announced that it issued 7,300,000 shares of 8.00% Series A perpetual exercise preferred stock ("perpetual exercise preferred stock") on January 30, 2025, with a public offering price of US$80.00 per share. The issuance and sale of perpetual exercise preferred stock is scheduled to be completed on February 5, 2025, subject to customary closing conditions. MicroStrategy estimates that after deducting underwriting discounts and commissions and MicroStrategy's estimated issuance expenses, the net proceeds from the issuance are approximately US$563.4 million. MicroStrategy intends to use the net proceeds from the issuance for general corporate purposes, including the acquisition of Bitcoin and working capital.