MicroStrategy Plans Additional $2 Billion Stock Offering to Bolster Bitcoin Holdings

MicroStrategy, the largest corporate Bitcoin holder, has announced plans to raise another $2 billion through a perpetual preferred stock offering.

The funds are intended to strengthen its balance sheet and further expand its Bitcoin holdings, aligning with the company’s ambitious “21/21” plan.

The new offering is separate from MicroStrategy’s existing strategy to raise $21 billion in equity and $21 billion in fixed-income instruments, the Bitcoin-stacking business intelligence firm explained in a Jan. 3 statement.

MicroStrategy Continues to Buy More Bitcoin
Over recent months, the company has leveraged senior convertible notes and other debt instruments to fund its aggressive Bitcoin acquisition strategy.

The perpetual preferred stock offering is expected to take place within the current quarter, although its completion depends on market conditions and MicroStrategy’s discretion.

“MicroStrategy may choose not to proceed with or consummate the offering at all,” the company stated.

The offering is categorized as “senior” to its Class A common stock, giving holders priority in case of bankruptcy or liquidation.

As of now, MicroStrategy owns 446,400 Bitcoin, valued at $43.9 billion, according to Bitcoin Treasuries.

This includes 257,250 Bitcoin purchased in 2024 alone, marking its largest acquisition year to date.

The company’s average acquisition cost is $62,500 per Bitcoin, positioning it with a 57.2% gain on its investment.