MicroStrategy Cuts New Preferred Stock Price. It Yields Nearly 12%. - Barron's

1. MicroStrategy lowered preferred stock price to $85, raising investor concerns. 2. Company will sell 8.5 million shares, netting $711.2 million after expenses. 3. Bitcoin prices have dropped nearly 25%, affecting market sentiment on MSTR. 4. MicroStrategy continues Bitcoin purchases, owning around 500,000 Bitcoin. 5. Company executives remain bullish on Bitcoin despite recent market volatility.