MicroStrategy, the largest corporate holder of Bitcoin, is considering a $2 billion raise from a perpetual preferred stock offering to enhance its Bitcoin holdings as part of its ongoing “21/21” strategy. The firm may use this offering to convert its class A common stock, pay cash dividends, or redeem shares to increase its Bitcoin wallet further. This offering is distinct from MicroStrategy’s separate plan to raise $21 billion in equity and fixed-income instruments. The company has indicated that the decision to proceed with the stock offering will depend on market conditions; otherwise, it may opt out altogether. With 446,400 Bitcoin valued at approximately $43.9 billion, purchased at an average of $62,500, MicroStrategy has been active in Bitcoin acquisition, notably buying 257,250 Bitcoin in 2024. This strategic investment has led to a significant rise in its share price by 438% year-over-year. As of January 3, MicroStrategy’s MSTR shares experienced a minor decline following the announcement of the stock offering.

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