MicroStrategy raises $563 million through preferred stock issuance to invest in Bitcoin

From Barchart: 2025-02-01 08:00:02

MicroStrategy, led by Michael Saylor, has raised $563 million by issuing preferred stock. This move comes as the company continues to invest in Bitcoin, holding over 90,000 BTC in its treasury. The funds raised will be used to purchase more Bitcoin, adding to its already substantial holdings. This announcement has further solidified MicroStrategy’s position as a major player in the cryptocurrency market, with many investors closely watching their moves.



Read more at Barchart: Should You Buy MicroStrategy Stock’s New Preferred STRK Shares?