$BTC January 31st, according to an official announcement, MicroStrategy (MSTR) announced the completion of a 7.3 million share issuance of Series A Perpetual Exchangeable Preferred Stock (STRK), priced at $80 per share, with expected net proceeds of $563.4 million. The preferred stock has a settlement price of $100 per share, an 8% annual dividend rate payable in cash or A class common stock, and is convertible into common stock at $1,000 per share initial conversion price.