Online reports that MicroStrategy announced its Strike preferred stock ($STRK) offering pricing and increased the original transaction size from $250 million to $584 million. According to an official announcement, Nasdaq-listed MicroStrategy (MSTR) announced that it has completed the issuance of 7.3 million Series A permanent exercise preferred shares (STRK) at a price of US$80 per share and an expected net financing of US$563.4 million. The preferred stock has a liquidation price of US$100 per share and an annual dividend yield of 8%. The dividend can be paid in cash or Class A common stock and can be converted into common stock at an initial conversion price of US$1000 per share. MicroStrategy said the financing will be used for general corporate purposes, including continuing to increase its holdings of Bitcoin and replenishing working capital.