MicroStrategy plans to raise $2 billion through preferred stock offering to increase its Bitcoin holdings. Learn about their ambitious '21/21' program.
Despite already holding the largest Bitcoin reserve among companies worldwide, MicroStrategy intends to increase its Bitcoin assets by raising $2 billion through the offering of preferred stocks. This is part of the ambitious ’21/21′ program by the company, aiming to gather $21 billion in capital and $21 billion in fixed debt for further Bitcoin purchases. Michael Saylor, the company’s founder, announced that this offering is likely to take place in the first quarter of 2025. Currently, MicroStrategy holds approximately 446,400 Bitcoins worth about $43.9 billion and is still looking to increase this amount. The company has stated that the final decision to proceed with this offering depends on market conditions.
