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MicroStrategy Plans to Publicly Offer STRK Convertible Preferred Stock, Intending to Increase Bitcoin Holdings
2025-01-27 21:08
BlockBeats News, January 27th, MicroStrategy announced today that, subject to market and other conditions, it plans to publicly offer 2.5 million shares of new convertible preferred stock, STRK, available for purchase by institutional investors and certain retail investors.
MicroStrategy plans to use the net proceeds from this offering for general corporate purposes, including acquiring bitcoin and for working capital.
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