On February 1, 2025, MicroStrategy announced it has finalized the price of its new stock, STRK, at $80 per share, aiming to raise $584 million to purchase more Bitcoin for its treasury. Co-founder Michael Saylor revealed that the company expects net proceeds of $563.4 million from this sale, which will be used for general corporate purposes, including Bitcoin acquisition.
Last week, shareholders approved a 30x increase in the number of authorized Class A common shares to enhance the company's capacity to buy Bitcoin. MicroStrategy's strategy, known as the '21/21 Plan,' aims to raise $42 billion for Bitcoin purchases through equity and fixed income securities.
Currently, MicroStrategy holds 471,107 Bitcoin, valued at over $48 billion at recent prices. The company's stock, MSTR, has surged 2,250% since its first Bitcoin purchase announcement in August 2020, trading at $340 today.