25.07.2025 02:02

MicroStrategy, the business intelligence firm, is significantly expanding its Bitcoin holdings through a substantial fundraising effort. Instead of the initially planned $500 million, Bloomberg reports the company is now aiming to raise a staggering $2 billion to further bolster its Bitcoin reserves.

Driven by exceptionally high investor interest, MicroStrategy dramatically increased its preferred share offering. This surge in demand prompted the company to revise its plans, catapulting the fundraising goal from a half-billion to a massive two billion dollars.

Details emerging from sources familiar with the transaction, as reported by Bloomberg, reveal that the "Series A Perpetual Stretch" preferred shares will be priced at $90 per share at noon EST. This represents the lower end of the marketing range, offering investors a discount from the $100 face value. An attractive 9% annual dividend will initially accompany these shares.

Morgan Stanley, Barclays, Moelis & Co., and TD Securities are leading the underwriting of this significant capital raise. Bloomberg further specifies that the offering comprises 5 million newly issued preferred shares. These shares occupy a specific position within MicroStrategy's capital structure, ranking above its Strike and Stride series shares and common stock, but below its previously issued Strife series preferred shares and convertible notes.

This information is for informational purposes only and does not constitute investment advice. For further updates and analysis, consult other reliable internet sources.