MicroStrategy Buys 1,070 BTC, Plans to Raise Up to $2B Through Preferred Stock Offering
The latest bitcoin purchase was funded through share sales under the company's at-the-market (ATM) program. MicroStrategy announced it would be raising up to $2 billion via a preferred stock offering to acquire more bitcoin.
MicroStrategy’s latest capital-raise plans are for $2 billion of preferred stock to buy more bitcoin
The move is part of the company’s plan to issue $21 billion of equity and $21 billion in fixed-income instruments over the next three years.
MicroStrategy Buys Bitcoin After Adding Preferred Offering
MicroStrategy Inc. bought $101 million of Bitcoin after announcing that it would use perpetual preferred stock as well as common shares and debt to acquire more of the cryptocurrency. Most Read from BloombergIs This Weird Dome the Future of Watching Sports?
MicroStrategy plans $2 billion raise via preferred stock offering to expand Bitcoin holdings
MicroStrategy plans to raise $2 billion from a perpetual preferred stock offering to purchase extra Bitcoin for the company.
MicroStrategy to raise up to $2 billion in preferred stock to buy more bitcoin
MicroStrategy Inc. unveiled its latest capital raise late Friday with news of plans to issue $2 billion in preferred stock to raise the funds needed to buy more bitcoin. The business-software company and cryptocurrency play,
MicroStrategy Plans Major Stock Sale to Boost its Bitcoin Strategy
MicroStrategy will hold a special shareholder meeting next year to vote on key proposals that aim to advance its plan for BTC acquisitions.
MicroStrategy Kicks off 2025 with 1,070 Bitcoin Purchase Announcement
MicroStrategy, the largest corporate holder of Bitcoin, revealed a fresh acquisition of 1,070 BTC made during the final two days of 2024. The announcement, made on January 6, highlighted that the company spent approximately $101 million on December 30 and 31,
MicroStrategy Puts Additional $101 Million Into Bitcoin
MicroStrategy said bought about $101 million worth of bitcoin in the final two days of 2024. The software company, which ditched its original business model to borrow billions of dollars to buy bitcoin,
MicroStrategy Wants to Buy Another $2 Billion in Bitcoin as Massive Dilution Vote Looms
MicroStrategy (NASDAQ:MSTR) seeks to buy another $2 billion worth of Bitcoin (CRYPTO:BTC) ahead of a shareholder vote on massively increasing the number of company shares outstanding. Although details of the new proposal have yet to be finalized,
Fannie Mae makes changes to preferred stock purchase deal with U.S. Treasury
The Federal Housing Finance Agency, acting on behalf of mortgage giant Fannie Mae (OTCQB:FNMA) in its capacity as conservator ...
Is Preferred Stock Equity or a Fixed-Income Security?
Preferred stock is often described as a stock that acts like a bond. Investors value them for their steady income, not the potential market price increases.
SunLink Joins Forces With Regional Health Properties In All-Stock Deal: Shares Surge
Regional Health Properties, Inc. (AMEX:RHE) and SunLink Health Systems, Inc. (AMEX:SSY) shares traded higher after the ...
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Truist Securities Initiates Coverage of KeyCorp - Preferred Stock (KEY.PRL) with Hold Recommendation
Fintel reports that on January 7, 2025, Truist Securities initiated coverage of KeyCorp - Preferred Stock (NYSE:KEY.PRL) with ...
David Lazar acquires Cyclacel Pharmaceuticals preferred stock, becomes interim CEO; stock jumps
Cyclacel Pharmaceuticals announces securities purchase agreement with investor David Lazar, new CEO appointed, and stock up ...