MSTRD Stock Price and Chart — BCBA:MSTRD

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MicroStrategy priced $2.8 billion of 9% preferred stock at $90 per share, up from $500 million due to high demand, to fund more Bitcoin purchases. Stock fell 2.2% after the news.

MicroStrategy's performance was negatively impacted by the downturn in cryptocurrency prices, despite the overall market, including the S&P 500 and Nasdaq 100, reaching record highs.

MicroStrategy's Michael Saylor revealed a new preferred stock aimed at investors seeking lower volatility, similar to a Bitcoin-backed Treasury Bill, with a variable dividend rate starting at 10%.

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About MicroStrategy

MicroStrategy, Inc. engages in the provision of enterprise analytics and mobility software. The firm designs, develops, markets, and sells software platforms through licensing arrangements and cloud-based subscriptions and related services. Its product packages include Hyper. The company was founded by Michael J. Saylor and Sanjeev K. Bansal on November 17, 1989, and is headquartered in Vienna, VA.

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