MicroStrategy eyes more Bitcoin with potential $2B preferred stock offering
MicroStrategy may decide not to move forward with the perpetual preferred stock offering if market conditions aren’t favorable this quarter.
MicroStrategy, the largest corporate holder of Bitcoin, is eyeing a $2 billion raise from a perpetual preferred stock offering to buy more Bitcoin in a move that would expand on the company’s “21/21” plan.
The perpetual preferred stock may be obtained through converting MicroStrategy’s class A common stock, paying a cash dividend, redeeming shares or a combination of these, the Bitcoin-stacking business intelligence firm explained in a Jan. 3 statement.
Source: Michael Saylor
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Author: Brayden Lindrea
