Bitcoin investor MicroStrategy’s $250 million preferred-stock offering may price at a discount to its face value of $100 per share due to apparent insufficient demand for the deal.

MicroStrategy Inc. has raised $563 million through a debt-like equity offering to help finance its purchase of more Bitcoin.

Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR). MicroStrategy's (MSTR) initial attempt to expand its capital raising activities via perpetual preferred stock appeared to have been met with strong demand.

MicroStrategy has announced the pricing of its strike preferred stock offering as the company continues to finance Bitcoin through corporate debt.

MicroStrategy Inc. has secured $563 million through a new equity financing structure aimed at expanding its Bitcoin (BTC) holdings.

MicroStrategy’s unique Bitcoin strategy offers massive long-term potential but comes with extreme volatility, making it speculative and risky for most investors. Read more here.

MicroStrategy stock could surge more than 50% with the company’s Bitcoin strategy, according to Mizuho Securities analysts. Mizuho analysts led by Dan Dolev initiated coverage of MicroStrategy stock with an Outperform rating and $515 price target.