MicroStrategy Stock Is Surging Wednesday: What’s Going On?
Posted On November 20, 2024
MicroStrategy Inc (NASDAQ:MSTR) shares are trading higher Wednesday after the company announced the pricing of an upsized offering.
What Happened: MicroStrategy announced another planned offering after the market close on Monday. The company priced the upsized offering Wednesday morning.
MicroStrategy said it will offer $2.6 billion (up from $1.75 billion) worth of its 0% convertible senior notes due 2029 in a private offering to qualified institutional buyers. MicroStrategy also …