MicroStrategy Doubles Down on Bitcoin Investments with Plans to Raise $2 Billion
Shawqi Dalimi 01-04-2025 Less than a minute
MicroStrategy Doubles Down on Bitcoin with Plans to Raise $2 Billion MicroStrategy Doubles Down on Bitcoin with Plans to Raise $2 Billion
MicroStrategy has announced its intention to raise up to $2 billion through a perpetual preferred stock offering in order to strengthen its balance sheet and increase its investments in Bitcoin.
The offering falls under the “21/21 Plan,” which aims to raise $21 billion in equities and another $21 billion in fixed income instruments over three years.
Since launching the plan last October, the company has acquired 194,180 bitcoins, equivalent to about 45% of its investment target, with a market cap of $19 billion.
The offering is expected to take place in the first quarter of 2025, depending on market conditions.
The Company also plans to hold a shareholders' meeting to vote on an increase in common and preferred stock, which will enhance its ability to achieve the plan's objectives.
By January 3, 2025, MicroStrategy's Bitcoin holdings reached 446,400 BTC, worth an estimated $43.7 billion, including unrealized gains of $16 billion.
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