MicroStrategy, Preferred Stock
Users are betting on whether MicroStrategy's aggressive Bitcoin acquisition strategy will soon push its holdings to 500,000 BTC.
The first Bitcoin-related convertible security readily available to individual investors should begin trading on Friday.
MicroStrategy Inc. (NASDAQ:MSTR) can benefit from the rising Bitcoin (CRYPTO: BTC) prices, and faster growth in its holdings as compared to share dilution, says Mizuho as it describes the company’s play on the cryptocurrency as the “Lever for the Believer” in its note dated Jan.
TYSONS CORNER, Va. - MicroStrategy Incorporated (NASDAQ:MSTR), known for its substantial Bitcoin holdings and remarkable 578% return over the past year, has priced its public offering of 7.3 million shares of 8.
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.
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.
TYSONS CORNER, VA - MicroStrategy Incorporated (NASDAQ:MSTR), a prominent business intelligence firm, disclosed the pricing details for its recent offering of perpetual strike preferred stock on Monday.
MicroStrategy Inc (NASDAQ: MSTR) is in focus today after the Norwegian central bank revealed it holds a sizable stake in the business intelligence company turned Bitcoin proxy. In total, the Norwegian Central Bank Fund owns about $500 million of MSTR shares,
Mizuho Securities started coverage on MicroStrategy ( NASDAQ: MSTR) with an Outperform rating on Wednesday, as analyst Dan Dolev believes the company will continue to buy more bitcoin ( BTC-USD ), the price of which he expects will keep climbing over time.
MicroStrategy’s unique Bitcoin strategy offers massive long-term potential but comes with extreme volatility, making it speculative and risky for most investors. Read more here.
MicroStrategy (NASDAQ: MSTR) has been one of the most unlikely winners in the software sector in recent years. The company has evolved from an enterprise analytics software company to primarily a Bitcoin (CRYPTO: BTC) treasury company,