MicroStrategy, led by Michael Saylor, has announced its intention to continue accumulating Bitcoin through fundraising via a new IPO of perpetual stock.
IPO of Perpetual Stock Announced
MicroStrategy has announced plans to conduct an IPO of 5,000,000 units of a stock called Variable Rate Series A Perpetual Stretch Preferred Stock (STRC). These stocks are designed to raise capital for Bitcoin purchases, while also providing investors with dividend income. Each share has a stated value of $100, targeting to raise $500 million. The initial annual dividend rate is set at 9%, paid monthly, starting August 31, 2025. However, this rate may adjust based on market conditions.
MSTR Stock Movement in the Market
Following the announcement of the new series of perpetual stock, MicroStrategy (MSTR) shares experienced a slight increase. As of this writing, the MSTR stock was priced at $426, reflecting a 1.32% gain in pre-market trading. The company’s stock has seen considerable growth since Bitcoin reached a new all-time high above $123,000. Recently, MicroStrategy purchased Bitcoin worth $472.5 million, contributing to the MSTR stock price rally to close at $451.02 on Monday, July 14, 2025.
Coinbase Stock Outlook
Similarly, investment firm Cantor Fitzgerald revised its target price for Coinbase (COIN) stock from $292 to $500. This adjustment reflects an optimistic outlook on Coinbase's future performance, just after it hit a new high of $437. Currently, COIN is trading at $405, with a 0.18% increase over the past 24 hours. Cantor Fitzgerald has also raised its 2026 earnings per share estimate for Coinbase from $8.36 to $10.76, suggesting improved revenue metrics from transaction fees, stablecoin, and blockchain rewards.
Overall, MicroStrategy's new initiatives aimed at raising funds to purchase Bitcoin could positively influence the company’s stock. At the same time, positive forecasts for Coinbase indicate a market where cryptocurrencies continue to show potential for further growth.
