MicroStrategy Inc., now known as Strategy, announced on Tuesday a public offering of 5,000,000 shares of its Series A perpetual strife preferred stock.
The company noted that it plans to use the proceeds from the offering for acquiring more Bitcoin, as well as for working capital. It added that Morgan Stanley & Co. LLC, Barclays Capital Inc., Citigroup Global Markets Inc. and Moelis & Company LLC will act as joint book-running managers for the offering.
Earlier this week, Strategy disclosed that it currently holds 499,226 Bitcoin acquired for a total of $33.1 billion at an average of $66,360 apiece.