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MicroStrategy announced that the size of its preferred stock STRK fundraising has been increased to 5.64 billion US dollars.
Golden Finance reported that MicroStrategy announced that the size of its preferred stock STRK fundraising has been increased from $250 million to $564 million. MicroStrategy estimates that after deducting underwriting discounts and commissions as well as MicroStrategy’s estimated issuance expenses, the net amount obtained from the issuance is approximately $564 million. MicroStrategy intends to use the net proceeds from the issuance for general corporate purposes, including the acquisition of Bitcoin and working capital.