MicroStrategy Upsizes $722.5 Million Preferred Stock Offering to Purchase More Bitcoin

MicroStrategy Inc., led by CEO Michael Saylor, has announced an upsizing of its Series A Perpetual Preferred Stock offering. The company increased the deal size from the initially planned $500 million to $722.5 million.

The offering consists of 8.5 million shares priced at $85 each, yielding a 10% annual dividend rate. Dividends will commence on June 30, with compounding penalties for any unpaid amounts. The settlement date for the offering is set for March 25, 2025.

Proceeds from the offering are intended to fund additional purchases of Bitcoin and for general corporate purposes. MicroStrategy is known for its significant investments in Bitcoin, and this move signals continued confidence in the cryptocurrency.

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