MicroStrategy Prepares for Another Bitcoin Buying Spree with Fresh Capital

Microstrategy announced plans to issue 2.5 million shares of Series A Perpetual Strike Preferred Stock to raise funds for corporate purposes, including acquiring more bitcoin.

The stock, offering a $100 liquidation preference and fixed quarterly dividends, aligns with the company’s bold “21/21 Plan” to raise $42 billion over three years for BTC purchases. Recently, Microstrategy added 10,107 bitcoins to its holdings, now totaling 471,107 BTC. Executive Chairman Michael Saylor remains steadfast in his belief in bitcoin as a hedge against inflation, predicting it could reach $13 million by 2045.

Clever Robot News Desk 29th January 2025



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