MicroStrategy has experienced overwhelming demand for its latest perpetual convertible preferred stock offering, with subscriptions rising from 2.5 million shares to 7.3 million shares. Priced at $80 each, the offering could now raise $584 million. The company's stock has seen significant growth in the past year, driven by its strategic bet on Bitcoin. MicroStrategy currently holds 471,107 BTC, making it the second-largest holder after Bitcoin's creator, Satoshi Nakamoto. The offering, known as STRK, is expected to be listed on the Nasdaq stock exchange.



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