MicroStrategy plans to issue up to $2 billion in preferred shares to increase its Bitcoin holdings
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Odaily reports that MicroStrategy plans to raise up to $2 billion through the sale of preferred shares to advance its previously announced plan to raise $42 billion over the next three years to fund Bitcoin purchases. MicroStrategy's latest offering is expected to take place in the first quarter of 2025, but the company retains the decision to proceed depending on market conditions. The preferred shares sold may be convertible into MSTR Class A shares and pay dividends. MicroStrategy has not set a target price for this offering. (The Block)
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