Investing.com -- MicroStrategy Inc (NASDAQ: MSTR ). is offering an 8% fixed coupon for its $250 million worth of perpetual preferred stock, according to Bloomberg.

The stock is being offered with a conversion price of $1,000, as stated by sources who wished to remain anonymous due to the information not being public yet.

A representative of MicroStrategy has not yet responded to requests for comment on this matter. On Friday, the company's shares closed at $353.67 each. As of 9:05 a.m. in New York, the shares were down by 3.7% in pre-market trading.

The company had previously announced on January 3 that it planned to raise as much as $2 billion in the first quarter of this year through one or more offerings of perpetual preferred stock. This stock would be senior to its Class A common stock.

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