STRK will go on the market for $80 per share, and the company hopes to use the proceeds to buy Bitcoin. MicroStrategy co-founder and chairman Michael Saylor announced on X, formerly Twitter, that the company had upsized the deal from raising $250 million to $584 million.

MicroStrategy’s stock is set to snap the longest losing streak it’s seen in a year after adding another bullish analyst on bitcoin to its camp.

MicroStrategy Inc. has secured $563 million through a new equity financing structure aimed at expanding its Bitcoin (BTC) holdings.

Either MicroStrategy’s Michael Saylor is a visionary, or he’s a delusional egomaniac,” Forbes observed in 1998, during the company’s first incarnation as a Wall Street highflyer.

MicroStrategy (MSTR) announced the pricing of its offering on January 30 of 7.3M shares of 8.00% series A perpetual strike preferred stock at a

MicroStrategy offers 8% dividends with preferred shares. Learn why MSTR stock’s unique structure provides a low-risk way to gain Bitcoin exposure and growth.

Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR). MicroStrategy's (MSTR) initial attempt to expand its capital raising activities via perpetual preferred stock appeared to have been met with strong demand.

MicroStrategy’s perpetual convertible preferred stock offering oversubscribed by nearly 3X, raising $584M to fund its Bitcoin acquisition strategy.

Key Takeaways Tesla earlier this week reported a $600 million profit associated with its bitcoin holdings, which accounted for a little more than a quarter of its fourth-quarter profits.The company was able to book these bitcoin-derived profits thanks to a change in Financial Accounting Standards Board guidelines for crypto assets.

MicroStrategy raises its stock offering to $584M, issuing 7.3M shares at $80 each, with proceeds expected to support Bitcoin purchases.

The latest developments surrounding Binance, KuCoin, MicroStrategy and Ondo Finance headline this week’s Crypto Biz Newsletter.