glen
@elq
According to an official announcement, MicroStrategy has announced plans to raise up to $2 billion through the issuance of preferred shares, as part of its "21/21 Plan" aimed at raising $42 billion over three years (with equity and fixed income of $21 billion each). The purpose of this issuance is to allow MicroStrategy to continue strengthening its balance sheet and acquiring more Bitcoin. The issuance is expected to take place in the first quarter of 2025. The announcement states that the decision to continue and complete the issuance is at the discretion of MicroStrategy and is subject to market and other conditions. MicroStrategy may choose not to continue or complete the issuance. @ygoralvesl
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