According to breaking information reported by Bloomberg, MicroStrategy is planning a massive fundraising campaign for Bitcoin purchases, increasing the amount from the previous $500 million to $2 billion. The company increased its preferred share sale, initially planned at $500 million, to $2 billion due to investor demand. MicroStrategy's new “Series A Perpetual Stretch” preferred shares will be priced at noon New York time today, sources familiar with the matter told Bloomberg. Shares will sell for $90 each, the lower end of the marketing range and a discount to the $100 face value. The shares will initially carry a 9% annual dividend. Related News: BREAKING: Important Development for Toncoin (TON) - Ton Foundation Announces Major TON Treasury Partnership with a Company The sale is being organized by Morgan Stanley, Barclays, Moelis & Co., and TD Securities. The sale also includes the issuance of 5 million preferred shares, according to Bloomberg. These newly issued preferred shares are structured to rank above MicroStrategy's Strike and Stride series shares and common stock, but below its previously issued Strife series preferred shares and convertible notes. *This is not investment advice. Continue Reading: BREAKING: MicroStrategy Makes Another Major Bitcoin Move
