TechFlow news, on February 5, according to Bloomberg, MicroStrategy last week issued preferred stock units successfully sold at $80 per unit, 20% lower than its marketed price, resulting in an actual yield of 10%.
The total proceeds from this financing reached $563 million, more than double the initial target. The preferred shares will pay dividends quarterly, with a conversion price set at $1,000, approximately 200% of the current closing price. The company stated this is part of its plan to raise up to $2 billion in funding this quarter.
Currently, MicroStrategy holds approximately $47 billion worth of Bitcoin, accounting for over 2% of the total Bitcoin supply.
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