MicroStrategy priced $584 million of 8% convertible preferred stock at a price of $80, resulting in a current dividend yield of 10%.The issue, the first preferred stock issue by the largest corporate holder of Bitcoin,

MicroStrategy has announced the pricing of its strike preferred stock offering as the company continues to finance Bitcoin through corporate debt.

MicroStrategy issued 7.3 million shares of 8.00% perpetual preferred stock at $80 per share, expected to bring in $563.4 million for general purposes, including Bitcoin purchases. Conversion and redemption rights apply.

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.

Bitcoin investor MicroStrategy’s $250 million preferred-stock offering may price at a discount to its face value of $100 per share due to apparent insufficient demand for the deal.