MicroStrategy Increased Its Target Amount for Bitcoin Acquisition by Another 220 Million! - Coin Bulletin

Strategy announced that it has increased the previously announced 500 million dollar STRF permanent preferred share offering to 722.5 million dollars due to high demand.

Bitcoin (BTC) is known for its investments, and formerly recognized as MicroStrategy, the Strategy has increased the offering size of its permanent preferred stock named STRF from 500 million dollars to 722.5 million dollars. The company will offer a total of **8 million 500 thousand shares at a price of 85 dollars per share, and the transaction will be completed on March 25, 2025. The net proceeds from this increased offering are expected to be approximately 711.2 million dollars.

The company plans to use this additional resource for general corporate needs and especially for Bitcoin purchases. With this move, Strategy's Bitcoin assets will increase further, and the company's effectiveness in the cryptocurrency market will continue to grow.

Bitcoin assets are rapidly increasing

STRF shareholders will receive a fixed annual dividend of 10% and dividends will be paid regularly every quarter, subject to the approval of the company's board of directors. In addition, unpaid dividends will accumulate up to 18% annually.

Recently accelerating its Bitcoin purchases, Strategy bought an additional 130 BTC last week, increasing its total Bitcoin holdings to 499,226 BTC. While the total value of the Bitcoin owned by the company has surpassed 41 billion dollars, these purchases have enabled the company to control 2.4% of the Bitcoin supply.