MicroStrategy plans to raise $2 billion for Bitcoin purchases, part of a larger fundraising goal

From Investing.com
January 4, 2025 07:30 AM:

MicroStrategy plans to raise $2 billion to expand its Bitcoin holdings, part of a larger $21 billion fundraising goal through various financial instruments over the next three years. The company intends to offer perpetual preferred stock, giving owners the option to convert to common stock, receive dividends, and more. The offering details are still pending SEC approval. MicroStrategy recently purchased $209 million in Bitcoin, bringing its total to 446,400 BTC worth $27.9 billion. Despite criticism from some investors, the company continues to make significant Bitcoin purchases.

Read more at Investing.com: MSTR Targets $2 Billion Capital Raise to Buy Bitcoin in Q1, 2025: Michael Saylor By U.Today