Home > Quick > Body

MicroStrategy plans to raise $2 billion by issuing preference shares in Quarter 1, will buy more BTC

clock
2025-01-03 23:50:40
According to the official announcement, MicroStrategy announced plans to raise up to $2 billion by issuing preference shares as part of its "21/21 Plan", which aims to raise $42 billion (equity and fixed income 21 billion) over three years.
The purpose of this offering is to allow MicroStrategy to continue strengthening its balance sheet and acquire more bitcoin, which is expected to take place in Quarter 1, 2025.
The announcement states that the decision to proceed and complete the offering is at MicroStrategy's sole discretion and subject to market and other conditions. MicroStrategy may choose not to proceed or complete the offering.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
New Tab Page - Desk3 | Plugin
Stay ahead of the game in the cryptocurrency space.