MicroStrategy announces pricing of strike preferred stock offering
According to SaylorTracker, MicroStrategy is up over 65% all-time on its Bitcoin investment and is trading at a net asset value of 1.73x.
MicroStrategy announced the pricing of its perpetual strike preferred stock offering at a public listing price of $80 per share and will issue the corporate securities on Feb. 5.
The company forecasts $563.4 million in revenue from the tranche of perpetual strike preferred stock, which features an 8% coupon and a liquidation value of $100.
According to the announcement, the proceeds from the sale will go toward acquiring more Bitcoin (BTC) and covering operating expenses.
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Author: Vince Quill
