MicroStrategy Eyes Bitcoin More with Potential $2 Billion Preferred Stock Offering

MicroStrategy may decide not to proceed with the preferred stock offering if market conditions are unfavorable this quarter.

MicroStrategy, the largest holder of Bitcoin $BTC , is looking to raise $2 billion from a preferred stock offering to purchase more Bitcoin in a move that will expand the company's "21/21" plan.

The Bitcoin business intelligence company explained in a statement on January 3 that the preferred stock could be acquired through the conversion of MicroStrategy's Class A common stock, cash dividends, stock buybacks, or a combination of these methods.