MicroStrategy, a leading BTC holder, plans to raise $2 billion via preferred stock, advancing its $42 billion BTC acquisition goal over three years. Having bought Bitcoin using equity and debt offerings, including a $3 billion debt offer in November, they continue to prioritize crypto investments.
The ’21/21 plan’ seeks balanced equity-debt funding. MicroStrategy has $7.65 billion in shares available for this initiative. Despite not showing profits last quarter, the firm remains the MAJOR corporate BTC holder, with current holdings over 145,000 BTC valued at approximately $14 billion.
The stock offering is expected in Q1 2025, subject to market conditions. The preferred stock, which may convert to MSTR shares, supports their broader BTC strategy. Founded by Michael Saylor, MicroStrategy continues moving forward despite recent financial challenges, aiming for long-term crypto success.