MicroStrategy’s New Preferred Issue Yields 10% as Stock Sells at Discount
The shares, the first preferred stock issue by the largest corporate holder of Bitcoin, didn’t get as strong a reception as the company planned.
MicroStrategy: The Preferred Stock Is A Bitcoin-Per-Share Accretion Engine
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.
MicroStrategy Raises $563 Million From Preferred Stock Sale
MicroStrategy Inc. has raised $563 million through a debt-like equity offering to help finance its purchase of more Bitcoin.
MicroStrategy May Have to Cut Price for 8% Preferred-Stock Offering
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.
Institutions Are Primed for MicroStrategy's Preferred Stock Sale, Say Analysts
The largest of the U.S. preferred stock ETFs is the BlackRock iShares Preferred and Income Securities ETF (PFF), which has roughly $15 billion in assets under management. The largest holders of PFF ETF are major corporations such as Boeing (BA), Wells Fargo (WFC) and Citi Group (C).
MicroStrategy Upsizes Preferred Stock Offering, Raising $563M for More Bitcoin
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 prices preferred stock offering
MicroStrategy anticipates netting approximately $563.4 million from this offering, after accounting for underwriting discounts, commissions, and estimated offering expenses. The firm has expressed intentions to allocate the proceeds towards general corporate purposes,
MicroStrategy intends to offer 2.5M perpetual strike preferred stock
MicroStrategy (MSTR) announced that it intends to offer, in a public offering, 2,500,000 shares of its “perpetual strike preferred stock.”
MicroStrategy Announces Proposed Strike Preferred Stock Offering (STRK)
MicroStrategy intends to use the net proceeds from the offering for general corporate purposes, including the acquisition of bitcoin and for working capital. The perpetual strike preferred stock will have a liquidation preference of $100 per share and will accumulate cumulative dividends at a fixed rate that will be determined at the pricing of the offering.
MicroStrategy offers 8% fixed coupon on $250 million perpetual preferred stock
MicroStrategy Inc (NASDAQ:MSTR). is offering an 8% fixed coupon for its $250 million worth of perpetual preferred stock, according to Bloomberg.
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