MicroStrategy issues $2 billion preferred stock in Q1 to "increase the positionBTC"! Stock price jumps 13%

MicroStrategy plans to issuance perpetual preferred stocks in Q1 2025, raising up to $2 billion for the purchase of more BTC. Possibly influenced by this news, MicroStrategy’s stock price rose by 13.22% in a single day, now at $339.66. (Background: MicroStrategy’s stock price fell by 44% from its peak! 10x Research: Leverage BTC narrative dissipates, three key decisions determine BTC’s trend this year) (Background: MicroStrategy’s big dump of 20% in December》Analyst: ‘Issuing debt to buy BTC’ benign cycle may be broken, phase top may have formed) U.S.-listed company BTC Holdings giant MicroStrategy proposed the 21/21 plan at the end of October last year, aiming to conduct $21 billion in equity financing over the next three years, and issuance $21 billion in fixed income products (including debt, convertible notes, and preferred stocks), raising a total of $42 billion for the purchase of more BTC. MicroStrategy plans to issuance preferred stocks to raise $2 billion Just yesterday (3rd), MicroStrategy announced the latest progress of its 21/21 plan. The company is currently planning to raise up to $2 billion through one or more public offerings, issuance of perpetual preferred stocks. These perpetual preferred stocks will take precedence over Class A common stock and may have the following features: Convertible to Class A common stock Payment of cash dividends Support for stock redemption MicroStrategy stated that the purpose of this issuance is to help the company continue to strengthen its balance sheet and purchase more BTC. If this issuance proceeds as planned, it will be implemented in the first quarter of 2025. However, MicroStrategy added that whether this issuance plan is launched and completed will depend on market and other conditions, and MicroStrategy may decide not to proceed or cancel this issuance. In addition, this issuance is expected to be registered through the submission of an S-3 form to the U.S. Securities and Exchange Commission (SEC), and the number of depositary shares represented by the perpetual preferred stocks, final terms, and issuance price have not yet been determined. MicroStrategy’s BTC Holdings break 446,000 coins MicroStrategy has repeatedly raised cash through the sale of stocks and bonds to purchase BTC. On Monday (30th), the company announced the purchase of BTC again, using the $209 million obtained from the sale of Class A common stock to purchase 2,138 BTC at an average price of about $97,837 per coin. As of now, MicroStrategy holds a total of 446,400 BTC, with a current value of approximately $43.84 billion and an unrealized profit of up to $15.94 billion. Source: Lookonchain MSTR stock price rises over 13% Possibly influenced by MicroStrategy’s continued fundraising to purchase BTC, the company’s stock price rebounded after several days of decline. According to Google Finance data, MicroStrategy’s stock price rose by 13.22% in a single day, reaching $339.66. Related reports MicroStrategy holds a special shareholder meeting: promoting the issuance of shares, raising $42 billion in the next three years to buy BTC Michael Saylor: U.S. BTC reserves expected to offset $81 trillion in debt, MicroStrategy’s inclusion in the S&P 500 increases opportunity MicroStrategy officially included in the Nasdaq 100 index, will receive investment of several billion dollars in funds, further increasing the position Has BTC stabilized? MicroStrategy’s Q1 issuance of $2 billion in preferred stocks ‘increase the positionBTC’! Stock price jumps by 13% This article was first published on BlockTempo, the most influential blockchain news media in the dynamic Block area.