MicroStrategy announced a sales agreement for the issuance and sale of up to $21 billion in 8.00% Series A perpetual strike preferred stock. The shares, convertible into Class A common stock, will be sold through multiple financial institutions, including TD Securities, Barclays, and Cantor Fitzgerald. The company did not sell any shares of Class A common stock or purchase bitcoin between March 3 and March 9, 2025. As of March 9, it held 499,096 bitcoins, acquired at an average price of approximately $66,357 per bitcoin.
Value Investor
2025-03-10
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