Catenaa, Saturday, February 01, 2025 – MicroStrategy’s perpetual convertible preferred stock offering has been oversubscribed nearly threefold, raising at least $584 million—far surpassing the expected $200 million.
The final offering size reached 7.3 million shares, priced at $80 each, according to an automated alert from Fidelity Investments.1
The surge in demand extends MicroStrategy’s bullish streak under chairman Michael Saylor, whose aggressive Bitcoin accumulation strategy has helped the company amass $30.4 billion in BTC since 2020. Earlier this month, MicroStrategy acquired another $1.1 billion worth of Bitcoin while launching $STRK, a preferred stock designed to finance further BTC purchases.
At the start of the year, the company unveiled a broader plan to raise $21 billion in equity and an additional $21 billion in fixed-income instruments, including debt and convertible notes, between 2025 and 2028.
Mizuho Securities analysts estimate that MicroStrategy’s stock has a 51% upside, citing the firm’s deep integration in traditional financial markets, which provides access to capital for continued Bitcoin investments. The analysis suggests that MicroStrategy’s position and a favorable political climate under President Donald Trump will enable it to expand its BTC holdings faster than its stock offerings dilute its shares.
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