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MicroStrategy’s Latest Capital Raise
MicroStrategy, co-founded by Michael Saylor, recently raised approximately $711 million through a preferred stock offering. The Series A Perpetual Strife Preferred Stock was sold at $85 per share, featuring a 10% annual dividend, increasing by 1% per year if payments are deferred, capped at 18%.
Saylor’s Bitcoin Tease
Following the capital raise, Saylor shared a Bitcoin chart on social media with the caption “needs more orange,” hinting at an impending BTC purchase.
MicroStrategy’s Bitcoin Holdings
As of March 17, MicroStrategy holds 499,226 BTC, valued at over $9.3 billion in unrealized gains. The company continues to accumulate Bitcoin, reflecting its bullish stance on the cryptocurrency.
