Tech firm MicroStrategy (NASDAQ:MSTR) plans to raise up to $2 billion from perpetual preferred stock offerings as part of its 21/21 Plan, which aims to raise $42 billion over three years.
The funds will be used to bolster its balance sheet and continue purchasing Bitcoins, making the firm one of the largest corporate holders of the cryptocurrency.
As of January 3, MicroStrategy held 446,400 BTC, valued at around $43.7 billion. The new capital raise will enable the firm to purchase more BTC, solidifying its dominance in Bitcoin investing.
The preferred stock will be convertible into common stock, will pay cash dividends, and will have redemption features. Specific details, including pricing and the number of shares to be offered, will be determined later and filed with the U.S. Securities and Exchange Commission (SEC).
MicroStrategy aims to complete the offering in the first quarter of 2025, subject to market conditions. The company will also hold a shareholder meeting in 2025 to consider proposals related to increasing authorized stock to cover the new offerings.
MicroStrategy has already purchased 194,180 BTC under its 21/21 Plan, reaching 45% of its target. The new capital raise further showcases the company’s confidence in its long-term Bitcoin strategy.
As Bitcoin becomes increasingly integral to MicroStrategy’s business, the company is positioning itself for continued success in the digital asset space, despite the inherent risks and volatility.
Clause de non-responsabilité:info@kdj.com
Les informations fournies ne constituent pas des conseils commerciaux. kdj.com n’assume aucune responsabilité pour les investissements effectués sur la base des informations fournies dans cet article. Les crypto-monnaies sont très volatiles et il est fortement recommandé d’investir avec prudence après une recherche approfondie！
Si vous pensez que le contenu utilisé sur ce site Web porte atteinte à vos droits d’auteur, veuillez nous contacter immédiatement (info@kdj.com) et nous le supprimerons dans les plus brefs délais.
