#MicroStrategyStockSale
MicroStrategy's stock sale is making headlines, particularly with its recent announcement to target a capital raise of up to $2 billion through a public underwritten offering of perpetual preferred stock . This move is part of the company's 21/21 Plan, aiming to raise $21 billion of equity and $21 billion of fixed-income instruments over the next three years.
The company has been actively expanding its bitcoin holdings, and the proceeds from this stock sale are intended to acquire more bitcoin and support general corporate purposes. MicroStrategy's CEO, Michael Saylor, has been vocal about his enthusiasm for bitcoin, and this move reinforces the company's commitment to its bitcoin strategy.
In recent months, MicroStrategy has completed several significant transactions, including a $3 billion offering of convertible senior notes due 2029 and a $1.01 billion offering of 0.625% convertible senior notes due 2028 . These deals have helped the company strengthen its balance sheet and increase its bitcoin reserves.