Wu said that MicroStrategy announced plans to raise up to $2 billion in permanent preferred stock funding through a public underwriting process. The preferred stock may have features such as being convertible into Class A common stock, paying cash dividends, and redemption clauses. This fundraising is part of the company's '21/21 Plan', aimed at strengthening the balance sheet and further increasing its Bitcoin holdings. The issuance is expected to take place in the first quarter of 2025, but whether it will proceed and the final conditions will depend on the market and other factors, and the company may not pursue this issuance.