The post MicroStrategy to Raise Up to $21B with 8% Preferred Stock for Bitcoin Acquisitions appeared first on Coinpedia Fintech News
MicroStrategy plans to raise up to $21 billion by issuing 8.00% Series A Perpetual Preferred Stock. The funds will be used for general corporate purposes, including potential Bitcoin acquisitions. The company reiterated its commitment to its Bitcoin accumulation strategy, leveraging equity financing, debt financing, and operating cash flow to support its efforts. This move further underscores MicroStrategy’s strategy to strengthen its position as a leading Bitcoin holder and a major player in the digital asset space.