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esmeralda
@esmeralda
MicroStrategy announces pricing of strike preferred stock offering MicroStrategy priced its perpetual strike preferred stock at $80 per share, expecting $563.4 million in revenue, with proceeds going toward Bitcoin acquisitions and operations. The company bought 10,107 BTC for $1.1 billion, bringing its total holdings to 471,107 BTC, valued at $49.4 billion. It also announced a $1.05 billion debt buyback for its 2027 convertible senior notes. MicroStrategy and Coinbase opposed the 15% corporate alternative minimum tax, arguing it unfairly taxes unrealized crypto gains. If unchanged, the rule could impose billions in taxes on MicroStrategy despite no BTC sales.
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