TechFlow news, on January 4, according to an official announcement, MicroStrategy announced plans to raise up to $2 billion in perpetual preferred stock through one or more public underwritten offerings. This initiative forms part of its previously announced "21/21 Plan," which aims to raise a total of $42 billion over the next three years through equity and fixed-income instruments.
The newly issued preferred shares will rank senior to Class A common stock and feature conversion into Class A common shares, cash dividend payments, and share redemption rights. The company intends to complete the offering in the first quarter of 2025, with proceeds used to acquire additional bitcoin and further strengthen its balance sheet.
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