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coinpedia 2025-01-27 13:47:56

MicroStrategy Announces 2.5 Million Share Offering of Series A Preferred Stock

The post MicroStrategy Announces 2.5 Million Share Offering of Series A Preferred Stock appeared first on Coinpedia Fintech News In a latest development, MicroStrategy has announced launching a public offering of 2.5 million shares of its new Series A Perpetual Strike Preferred Stock. The company plans to use the proceeds for general corporate purposes, including acquiring more Bitcoin. The preferred stock has a liquidation value of $100 per share. Dividends will be paid quarterly starting March 31, 2025, and can be issued in cash, MicroStrategy Class A common stock, or a mix. Notably, investors can convert their preferred stock into common stock in certain circumstances. MicroStrategy has the option to redeem the preferred stock early if the liquidation value falls below 25% of the original offering or if certain tax events occur. Redemption would be at the liquidation value plus any unpaid dividends. This offering gives investors the potential for stable returns through dividends and the flexibility to convert into common stock. Besides, MicroStrategy’s ongoing Bitcoin strategy adds a layer of interest for those watching the intersection of tech and cryptocurrency. Could this offering spark more interest from crypto-focused investors, or is it the flexibility in dividend payments and redemption that would draw more attention?

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