The firm led by Executive Chairman Michael Saylor, said that the Series A Perpetual Preferred Stock (STRK) will have a $100 liquidation preferences with
Bitcoin (BTC)-accumulating business intelligence firm MicroStrategy (MSTR) has announced a preferred share offering of 2.5 million.
The offering, announced Monday, will see the shares carry a $100 liquidation preference with cumulative dividend, the firm said in a filing with the United States Securities and Exchange Commission (SEC).
The announcement comes as MicroStrategy continues ramping up its bitcoin purchases, adding to its holdings for the 12th consecutive week.
In the week ended Jan. 26, the company bought 10,107 BTC, taking its total holdings to 471,107 BTC, Executive Chairman Michael Saylor wrote in a post on X. The purchase, at an average price of $105,596 per bitcoin, raised MicroStrategy's overall average purchase price to $64,511.
Saylor teased the announcement on Sunday, as he has done in recent weeks, posting: "Don't stop thinking about tomorrow."
On Jan. 21, MicroStrategy shareholders approved increasing the authorized number of Class A common shares to 10.3 billion from 330 million shares.
MicroStrategy also filed a mixed securities shelf registration that now includes debt securities, preferred stock, warrants and depository shares in addition to Class A common stock.
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