According to PANews, MicroStrategy is planning to raise $2 billion by issuing perpetual preferred stock, as reported by CoinDesk. The specific terms of this issuance are expected to be announced in the first quarter of 2025. Perpetual preferred stocks have no fixed maturity date, offer fixed dividends to holders, but do not grant voting rights.
Benchmark has maintained a buy rating for MicroStrategy's stock (MSTR), setting a target price of $650. Currently, MicroStrategy holds 450,000 bitcoins. The company is set to vote on increasing the authorized number of preferred and common shares at a special shareholder meeting on January 21.