Boutique Media & consulting group
BTC$88062
ETH$2075
BNB$634
XRP$2.45
MicroStrategy, the business intelligence firm led by Bitcoin advocate Michael Saylor, has successfully raised $723 million through the sale of 8.5 million shares of its Series A preferred stock at $85 per share. The company initially aimed to raise $500 million, but strong investor interest pushed the total significantly higher. The proceeds from this offering will be used to further expand MicroStrategy’s Bitcoin holdings, reinforcing its position as one of the largest corporate holders of the cryptocurrency.
Currently, MicroStrategy owns approximately 499,226 BTC, valued at over $41 billion at current market prices. This latest acquisition strategy could see the firm surpass the 500,000 BTC milestone, which would mean it controls around 2.4% of Bitcoin’s total supply. The company’s aggressive Bitcoin accumulation strategy has been a core part of its financial strategy, with Saylor frequently emphasizing his belief in Bitcoin as the ultimate store of value.
The preferred shares sold in this offering are exclusively available to institutional investors and come with a quarterly dividend payout, set to begin on June 30. If dividends are not paid on time, they will accrue interest at an annual rate of up to 18%. MicroStrategy also retains the option to redeem these shares under specific conditions, such as a major reduction in outstanding shares or changes in tax regulations. These financial mechanisms provide additional flexibility for the company while allowing it to maintain its Bitcoin-focused strategy.
Despite market fluctuations and periodic downturns, MicroStrategy’s Bitcoin strategy has so far paid off. The company’s holdings have generated an unrealized profit of approximately $8 billion. This latest round of fundraising demonstrates continued confidence from institutional investors in both MicroStrategy’s vision and Bitcoin’s long-term potential. As the firm continues to expand its crypto holdings, its influence on the Bitcoin market is expected to grow even further.
See also
