news 
MicroStrategy Eyes $2 Billion Stock Offering To Supercharge Bitcoin Stash
A US-based development and business intelligence company has announced plans to sell some of its shares through a preferred stock offering, with the goal of raising up to $2 billion. The funds will be used to further augment its already substantial Bitcoin stash.
As part of its ambitious “21/21” plan, MicroStrategy aims to raise both equity and fixed-income instruments for a staggering sum of $42 billion. This move is designed to fuel the acquisition of additional digital assets, with an eye towards strengthening its balance sheet.
According to information released by the company, this latest effort represents a critical step in their efforts to solidify their position as the largest corporate holder of Bitcoin. Saylor, who also serves as executive chairman, remains committed to the strategic pursuit of further expanding the organization’s cryptocurrency assets.
To date, MicroStrategy has amassed an impressive haul of 446,400 Bitcoins, valued at approximately $43.9 billion.
Source: bitcoinist.com
