MicroStrategy announced plans to issue up to $2 billion of perpetual preferred stock in a public underwriting offering, Wu reported.
Preferred stock may have features such as convertibility into Class A common stock, payment of cash dividends, and redemption provisions.
The fundraising is part of the company’s “21/21 Plan”, which aims to strengthen its balance sheet and further increase its Bitcoin holdings.
The offering is expected to take place in the first quarter of 2025, but its implementation and final conditions will depend on market and other factors, and the Company may not proceed with the offering.
