MicroStrategy Raises $563 Million Through Preferred Stock Sale for Bitcoin Purchases

The company continues its aggressive Bitcoin acquisition strategy, leveraging an investor-friendly equity-like offering with an 8% fixed dividend.

MicroStrategy sold 7.3 million shares of Series A Perpetual Strike Preferred Stock at $80 per share, raising $563.4 million.
The funds will primarily be used to acquire Bitcoin and for general corporate purposes, aligning with the company’s long-standing Bitcoin-focused strategy.
The offering surpassed its initial target of $250 million, reflecting strong investor interest in the 8% fixed dividend and seniority over common stock.
MicroStrategy has accumulated 471,107 Bitcoin since 2020, with its latest purchase bringing its total holdings to an average cost of $64,511 per coin.
The deal was managed by major financial institutions and positions MicroStrategy as a leading corporate Bitcoin holder, further integrating cryptocurrency into its business model.