MicroStrategy Aims to Raise $2 Billion Through Preferred Stock Sale

MicroStrategy, a business intelligence company, has announced plans to raise up to $2 billion through one or more continuous preferred stock offerings. In a press release, the company stated that the objective of the offering is to continue strengthening MicroStrategy's balance sheet and to facilitate the purchase of additional bitcoin. The offering is expected to take place in the first quarter, although the final terms and pricing have yet to be determined. The capital raised will be used to bolster MicroStrategy's balance sheet and to acquire more bitcoin. This move is part of a broader plan previously announced by MicroStrategy. Over the next three years, the company aims to accumulate $21 billion in equity and $21 billion in fixed-income instruments.