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MicroStrategy announces they want to raise up to $2 billion through a new type of stock called perpetual preferred stock. Perpetual preferred stock is special because: - It doesn't have an end date (it's "perpetual"). - It can be converted into regular shares (Class A common stock) of MicroStrategy. - It pays dividends in cash. - The company can buy back these shares under certain conditions. - This new stock will be ranked higher than the regular stock (Class A common stock) in terms of priority for dividend payments. - - The exact terms are not finalized yet. The goal of raising this money is to strengthen the company's financial position and to buy more Bitcoin.
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