MicroStrategy plans to raise $2 billion in the first quarter by issuing preferred stock to buy more BTC

ChainCatcher message, according to the official announcement, MicroStrategy announced plans to raise up to $2 billion through the issuance of preferred stock, as part of its "21/21 Plan," which aims to raise $42 billion over three years (with $21 billion in equity and $21 billion in fixed income).

The purpose of this issuance is to allow MicroStrategy to continue strengthening its balance sheet and acquire more Bitcoin, with the issuance expected to take place in the first quarter of 2025.

The announcement stated that the decision to proceed with and complete the issuance is at MicroStrategy's discretion and is subject to market and other conditions, and MicroStrategy may choose not to proceed with or complete the issuance.