MicroStrategy (MSTR) has successfully expanded its capital raising efforts, surpassing its original target by a significant margin. The company aimed to raise $250 million through perpetual preferred stock but ended up raising $563.4 million after selling 7.3 million shares of STRK at $80 per share.
The initial dividend yield for the offering was set at 10%, exceeding the originally projected 8%. This increase in yield is expected to further boost investor interest.
The funds raised will be allocated toward purchasing additional Bitcoin (BTC) to expand MicroStrategy’s holdings.
