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MicroStrategy announced plans to raise $2 billion through a preferred stock offering, marking a major expansion of its Bitcoin accumulation strategy.

The move comes as part of the company’s so-called 21/21 Plan, which aims to raise $42 billion through various financial instruments over three years.

The Tysons Corner, Virginia-based company plans to issue perpetual preferred stock, which will rank senior to its class A common stock.

Sutton

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