The company set its strike preferred stock offering at 80 USD per share, set to issue on February 5. They forecast approximately 563.4 million USD from this investment, revealing an 8% coupon.
The proceeds will be used to acquire additional Bitcoin at a current price of 105,794 USD per BTC and cover operating expenses. As of January 27, 2025, MicroStrategy owned approximately 471,107 BTC valued at around 49.4 billion USD.
MicroStrategy is contesting the corporate alternative minimum tax, asserting it could lead to significant taxation on unrealized gains from their Bitcoin holdings, amounting to billions if the IRS tax rule is not revised.