### MicroStrategy Upsizes Stock Offering to $584M 📈
MicroStrategy has expanded its funding strategy through an increased special preferred stock offering, which grew from $250 million to **$584 million**[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://cryptonews.com/news/microstrategy-raises-preferred-stock-offering-from-250m-to-584m/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1"). The company plans to distribute **7.3 million shares** of **8.00% Series A Perpetual Strike Preferred Stock** at a price of **$80 per share**[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://cryptonews.com/news/microstrategy-raises-preferred-stock-offering-from-250m-to-584m/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1").
The corporate expansion and Bitcoin investment program receive backing from this strategic move[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://cryptonews.com/news/microstrategy-raises-preferred-stock-offering-from-250m-to-584m/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1"). The stock offering is set to complete its standard closing conditions phase on **February 5, 2025**, and MicroStrategy predicts it will retain **$563.4 million** after deducting costs and commissions[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://cryptonews.com/news/microstrategy-raises-preferred-stock-offering-from-250m-to-584m/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1").
MicroStrategy has engaged **Barclays, Moelis & Company, BTIG, TD Cowen, Keefe, Bruyette & Woods, AmeriVet, Bancroft Capital, and The Benchmark Company** to manage their offering of preferred stock[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://cryptonews.com/news/microstrategy-raises-preferred-stock-offering-from-250m-to-584m/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1"). These financial institutions ensure that industry standards and regulatory requirements are properly followed[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://cryptonews.com/news/microstrategy-raises-preferred-stock-offering-from-250m-to-584m/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1").
MicroStrategy opted to distribute preferred stock instead of common stock to secure necessary funding while safeguarding the existing common shareholder base[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://cryptonews.com/news/microstrategy-raises-preferred-stock-offering-from-250m-to-584m/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1").
Would you like me to create a visual representation of this passage?