According to Foresight News, MicroStrategy has announced plans to raise up to $2 billion through the issuance of preferred stock, as part of its '21/21 Plan,' which aims to raise $42 billion over three years (with $21 billion in equity and $21 billion in fixed income). The purpose of this issuance is to allow MicroStrategy to continue strengthening its balance sheet and acquire more Bitcoin, with the issuance expected to take place in the first quarter of 2025.
The decision to continue and complete the issuance is at MicroStrategy's discretion and is subject to market and other conditions. MicroStrategy may choose not to continue or complete the issuance.
