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Microstrategy, which has the largest Bitcoin holdings of any company in the world, is looking to increase its Bitcoin holdings by raising $2 billion through a preferred stock offering.
This is part of the company’s ambitious “21/21” plan, which aims to raise $21 billion in equity and $21 billion in fixed-income debt to buy more Bitcoin.
The offering is likely to take place in the first quarter of 2025, said Michael Saylor, the company’s founder. Microstrategy currently holds 446,400 Bitcoins, worth approximately $43.9 billion, and is looking to add to that. The company said the final decision to proceed with the offering will depend on market conditions.