MicroStrategy Raises $563 Million Through Upsized Preferred Stock Offering to Acquire More Bitcoin.

MicroStrategy (MSTR) successfully raised $563.4 million in its latest perpetual preferred stock offering, more than doubling its initial target of $250 million. The company issued 7.3 million shares of its new STRK series at a price of $80 per share.

The offering also saw an increase in the expected dividend yield, rising to 10% from the initial forecast of 8%, which is likely to generate stronger investor interest.

The capital raised will be used to further expand MicroStrategy’s Bitcoin (BTC) holdings, continuing its strategy of accumulating the digital asset.