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The Defiant
2025-03-21 14:35:15

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. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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