The US-based business intelligence and development company will continue to implement its plan to build its Bitcoin holdings, and implement its strategy to obtain significant investments in cryptocurrencies.
Although a large amount of… BitcoinMicroStrategy plans to increase its Bitcoin holdings using the estimated $2 billion it will generate from its preferred stock offerings.
Plan 21/21
Accurate strategy Announce It said in a press release that it plans to sell some of its shares through a preferred stock offering. The company aims to raise money to fund additional bitcoins as part of its bold “21/21” plan.
“MicroStrategy is targeting a capital raise of up to $2 billion through public offerings of perpetual preferred stock in the first quarter of 2025,” Michael Saylor, co-founder of MicroStrategy, said in a post.
The company said it will raise $2 billion from “one or more underwritten public offerings” of MicroStrategy’s perpetual preferred stock. Class A common stock.
“Perpetual preferred stock may include features such as (1) convertibility into our Class A common stock, (2) payment of cash dividends, and (3) provisions allowing redemption of shares, among other features,” MicroStrategy explained.
Other ways to fund cryptocurrency purchases
MicroStrategy said it is finding other options to achieve its plan to raise $21 billion in equities and $21 billion in fixed income instruments, a move that is part of the company’s strategy to buy more bitcoin.
The business intelligence company implements this plan such as obtaining funds from bonds and convertible debt, allowing the company to continuously acquire additional digital assets. The offering, if it occurs, is expected to take place in the first quarter of 2025, the company said.
MicroStrategy explained that the planned offering “will strengthen its balance sheet and acquire more Bitcoin.”
However, MicroStrategy has indicated that it may choose to go ahead or not proceed with the offer.
“The decision to proceed with and consummate the offering is within MicroStrategy’s sole discretion and is subject to market and other circumstances,” the company stated.
Source: Bitcoin Treasuries
Largest Bitcoin holder
Data has shown that MicroStrategy is already the largest Bitcoin holder in the world, but despite this achievement, the company remains committed to acquiring more cryptocurrencies.
Saylor, who is also the company’s CEO, is the mastermind behind MicroStrategy’s Bitcoin investment strategy.
To date, you own MicroStrategy 446,400 Bitcoin With an estimated value of $43.9 billion.
Featured image from MicroStrategy, chart from TradingView