MicroStrategy priced $584 million of 8% convertible preferred stock at a price of $80, resulting in a current dividend yield of 10%.The issue, the first preferred stock issue by the largest corporate holder of Bitcoin,

MicroStrategy announced the pricing of its perpetual strike preferred stock offering at a public listing price of $80 per share and will issue the corporate securities on Feb. 5. The company forecasts $563.

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

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.