MicroStrategy Raises $427 Million Through Share Issuance to Fuel Bitcoin Acquisitions
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MicroStrategy has raised $427 million through share issuances to support its Bitcoin acquisition strategy. The company issued 847,000 shares of Class A Common Stock, netting $348.7 million, and sold 678,970 shares of 8.00% series A perpetual preferred stock for $67.9 million, along with 104,423 shares of 10.00% series A perpetual preferred stock for $10.4 million. This funding is aimed at strengthening MicroStrategy's financial position and enhancing its Bitcoin investments.
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