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CoinGape 2025-01-31 13:42:59

MicroStrategy To Raise $563M From STRK Offering To Buy More Bitcoin

Michael Saylor’s MicroStrategy plans to raise $563 million from its STRK preferred stock offering. This development is significant as it forms part of the software company’s plans to acquire more Bitcoin. MicroStrategy To Raise $563 Million From STRK Offering MicroStrategy estimates to raise $563 million from its STRK offering. This came following a press release in which the company announced the pricing of its offering of 7.3 million shares of its Perpetual Strike Preferred Stock (STRK) at a public offering price of $80 per share. The company also revealed that the issuance and sale of the STRK stocks will take place on February 5, 2025, subject to customary closing conditions. Based on the STRK pricing, MicroStrategy estimates that the net proceeds from the offering will be approximately $563.4 million after deducting the underwriting discounts and commissions and the company’s offering expenses. The company also mentioned that it intends to use the net proceeds from the offering to acquire more bitcoin and for other general corporate purposes. The post MicroStrategy To Raise $563M From STRK Offering To Buy More Bitcoin appeared first on CoinGape .

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