Michael Saylor’s Firm Plans $21 Billion Preferred Stock Offering to Fuel Bitcoin Acquisition Strategy
The firm announced plans to issue up to $21 billion in preferred stock, with all proceeds earmarked for purchasing more of the cryptocurrency.
In a press release on Monday, the company detailed that it would sell 8% Series A perpetual preferred shares—convertible into Class A common stock—through an “at-the-market offering” program. This move builds on a similar initiative from January, when the company raised $563 million by selling preferred shares at $80 each. That deal was structured with investor-friendly terms, including a generous yield and pricing at a 20% discount from the market value at the time.
Since late 2020, the enterprise software company—now largely operating as a leveraged Bitcoin investment vehicle under Saylor’s leadership—has aggressively accumulated Bitcoin. The latest preferred stock offering is part of a broader initiative to raise $42 billion over the coming years, with an increasing focus on fixed-income securities alongside traditional equity sales.
However, according to a recent SEC filing, the company did not make any Bitcoin purchases between March 3 and March 9. As of now, it holds approximately 499,096 Bitcoin, valued at roughly $42 billion.
Editorial Team
Reporter at Coindoo
