Microstrategy is poised to broaden its Bitcoin portfolio by issuing preferred stock aimed at funding additional Bitcoin acquisitions. This move comes on the heels of an impressive $1.1 billion BTC purchase, underscoring the company's assertive stance on digital asset investments.
Announced on Monday by the software intelligence firm Microstrategy Inc., the plan includes the issuance of 2,500,000 shares of Series A Perpetual Strike Preferred Stock. This initiative is expected to drive the company's Bitcoin buying strategy forward, solidifying its commitment to digital assets.
