MicroStrategy plans to issue up to $2 billion in preferred shares to increase its Bitcoin holdings

01/04 01:21

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MicroStrategy plans to raise up to $2 billion by selling preferred stocks to support its previously announced plan to raise $42 billion in funds for Bitcoin purchases over the next three years. The latest issuance of MicroStrategy is expected to take place in the first quarter of 2025, but the company reserves the right to continue depending on market conditions. The preferred stocks sold may be convertible into MSTR Class A shares and pay dividends. MicroStrategy has not set a target price for this issuance yet.

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