A US-based development and business intelligence company will push through with its plan to accumulate its Bitcoin holdings, implementing its strategy of obtaining significant cryptocurrency investments.

Despite amassing an enormous amount of Bitcoin, MicroStrategy plans to extend its BTC holdings using the estimated $2 billion it’ll generate from its preferred stock offering.

The 21/21 Plan

MicroStrategy announced in a press statement that it plans to sell a few of its shares through a preferred stock offering. The corporate goals to boost funds to finance additional Bitcoin as a part of its audacious “21/21” plan.

“MicroStrategy targets as much as $2 billion capital raise through public offerings of perpetual preferred stock in the primary quarter of 2025,” MicroStrategy co-founder Michael Saylor said in a post.

The corporate stated it will raise $2 billion from “a number of public underwritten offerings” of perpetual preferred stock on MicroStrategy’s class A standard stock.

“The perpetual preferred stock may include features akin to (i) convertibility to our class A standard stock, (ii) payment of money dividends, and (iii) provisions allowing for redemptions of shares, amongst other features,” MicroStrategy explained.

Other Ways To Finance Crypto Purchases

MicroStrategy said that it’s finding other options to meet its plan which goals to boost $21 billion in equity and $21 billion in fixed-income instruments, a move that is an element of the corporate’s technique to buy more Bitcoins.

The business intelligence firm has been implementing this plan akin to getting funds from senior convertible notes and debt, allowing the corporate to repeatedly acquire additional digital assets. The offering is anticipated to occur, if in any respect, in the primary quarter of 2025, the corporate said.

MicroStrategy explained that the planned offering will “strengthen its balance sheet and acquire more bitcoin.”

Nevertheless, MicroStrategy noted that it might decide to proceed or to not proceed with the offering.

“The choice whether to proceed with and consummate the Offering is in MicroStrategy’s sole discretion and is subject to market and other conditions,” the corporate stated.

Source: Bitcoin Treasuries

Largest Bitcoin Holder

Data showed that MicroStrategy is already the world’s largest corporate holder of Bitcoin, and yet despite this milestone, the corporate stays committed to obtaining more cryptos.

Saylor, who can also be the corporate’s executive chairman, is the brains behind MicroStrategy’s Bitcoin investment strategy.

So far, MicroStrategy owns 446,400 Bitcoins with an estimated value of $43.9 billion.

Featured image from MicroStrategy, chart from TradingView