MicroStrategy to Issue $2.1 Billion Preferred Stock Offering with High Dividend Yield

Software intelligence firm MicroStrategy is planning a major capital raise, issuing up to $2.1 billion in preferred stock to fund its Bitcoin investments. The offering comes with a noteworthy 10% annual dividend rate, signaling a strategic move by the company to secure substantial funds. Analysts attribute this decision to its aggressive approach toward acquiring and holding Bitcoin, a strategy that has already seen the company invest billions in digital assets.