TYSONS CORNER, VA - MicroStrategy Incorporated (NASDAQ:MSTR), a prominent business intelligence firm, disclosed the pricing details for its recent offering of perpetual strike preferred stock on Monday.

MicroStrategy (MSTR) announced that it intends to offer, in a public offering, 2,500,000 shares of its “perpetual strike preferred stock.”

Investing.com -- MicroStrategy (NASDAQ: MSTR ), a business intelligence company, is setting a price range between $80 and $85 for each of its perpetual preferred stocks. This price is lower than the initially marketed liquidation preference of $100 per share, according to Bloomberg.

MicroStrategy estimates that the net proceeds to it from the offering will be approximately $563.4 million, after deducting the underwriting discounts and commissions and MicroStrategy's estimated offering expenses.

MicroStrategy (MSTR) announced the pricing of its offering on January 30 of 7.3M shares of 8.00% series A perpetual strike preferred stock at a

MicroStrategy intends to use the net proceeds from the offering for general corporate purposes, including the acquisition of bitcoin and for working capital. The perpetual strike preferred stock will have a liquidation preference of $100 per share and will accumulate cumulative dividends at a fixed rate that will be determined at the pricing of the offering.