MicroStrategy Inc. (MSTR) has seen an oversubscription of its latest perpetual convertible preferred stock offering, with subscriptions rising from 2.5 million shares to 7.3 million shares, priced at $80 each.

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Either MicroStrategy’s Michael Saylor is a visionary, or he’s a delusional egomaniac,” Forbes observed in 1998, during the company’s first incarnation as a Wall Street highflyer.

Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR). MicroStrategy's (MSTR) initial attempt to expand its capital raising activities via perpetual preferred stock appeared to have been met with strong demand.

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MicroStrategy (NASDAQ: MSTR) has priced its offering of 7.3M shares of 8.00% Series A Perpetual Strike Preferred at $80.00 per share. The issuance and sale of the perpetual strike preferred stock are scheduled to settle on February 5, 2025, subject to customary closing conditions.

MicroStrategy offers 8% dividends with preferred shares. Learn why MSTR stock’s unique structure provides a low-risk way to gain Bitcoin exposure and growth.

MicroStrategy was born a software company, but at this point it's best known for its massive bitcoin holdings — and it may be changing its name to reflect as much.

MicroStrategy (NASDAQ: MSTR) has been one of the most unlikely winners in the software sector in recent years. The company has evolved from an enterprise analytics software company to primarily a Bitcoin (CRYPTO: BTC) treasury company,

MicroStrategy anticipates netting approximately $563.4 million from this offering, after accounting for underwriting discounts, commissions, and estimated offering expenses. The firm has expressed intentions to allocate the proceeds towards general corporate purposes,