MicroStrategy plans to issue up to $2 billion in preferred shares to increase its holdings of Bitcoin

PANews January 4 news, according to The Block, MicroStrategy plans to raise up to $2 billion through the sale of preferred shares to advance its previously announced plan to raise $42 billion within three years to fund Bitcoin purchases. MicroStrategy's latest offering is expected to occur in the first quarter of 2025, but the company reserves the right to decide whether to proceed, depending on market conditions. The preferred shares sold may be convertible into MSTR Class A shares and pay dividends. MicroStrategy has not yet set a price target for the offering.