MicroStrategy Announces Its Preference Share STRK Raising to $564 million

MicroStrategy announced an increase in the size of its preference share STRK fundraising from $250 million to $564 million. MicroStrategy estimates that the net proceeds from the offering will be approximately $564 million after deducting underwriting discounts and commissions and MicroStrategy's estimated offering costs. MicroStrategy intends to use the net proceeds from the offering for general corporate purposes, including the acquisition of Bitcoin and Working Funds.