@carmenciana
MicroStrategy raises $563M from oversubscribed STRK stock offering
MicroStrategy is sitting on an unrealized profit of nearly $20 billion on its Bitcoin holdings.
MicroStrategy has significantly exceeded expectations with its latest perpetual convertible preferred stock offering, securing $563.4 million—nearly three times the anticipated amount.
According to a Jan. 31 statement, the company expanded its STRK stock offering to 7.3 million shares, each carrying a $100 liquidation preference.
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