MicroStrategy announced the sale of USD 2.000 billion in shares to buy more bitcoin
The purpose of the offering is to allow MicroStrategy to continue strengthening its balance sheet.
MicroStrategy, the software company known for buying bitcoin (BTC) and being the largest holder in the world, has made a move anticipated by the market.
The company announced on Friday, January 3, 2025, that it is aiming to raise 2.000 billion dollars (USD) through a public sale of perpetual preferred shares. The offering will be submitted to the U.S. Securities and Exchange Commission (SEC).
Perpetual preferred shares may include convertibility to its common stock, cash dividend payments, and provisions that allow for the redemption of shares, among other features.
“The purpose of the offering is to allow MicroStrategy to continue strengthening its balance sheet and acquire more bitcoin,” states the statement.
MicroStrategy expects the offering to occur in the first quarter of 2025. However, the decision to consummate this initiative is at its sole discretion and is subject to various factors such as market conditions. The company may choose not to proceed with the offering if it so considers.
