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MicroStrategy to Raise $2 Billion, Benchmark Maintains Bullish Outlook

Mary Liu

Summary: MicroStrategy, a major investor in Bitcoin, plans to raise up to $2 billion by issuing preferred stock. This move will allow the company to continue buying more Bitcoin.    Investment bank Benchmark is bullish on MicroStrategy, maintaining a "buy" rating with a price target of $650.    MicroStrategy currently holds over 450,000 Bitcoins. They will ...

MicroStrategy, a major investor in Bitcoin, plans to raise up to $2 billion by issuing preferred stock. This move will allow the company to continue buying more Bitcoin.   

Investment bank Benchmark is bullish on MicroStrategy, maintaining a "buy" rating with a price target of $650.   

MicroStrategy currently holds over 450,000 Bitcoins. They will hold a shareholder meeting on January 21st to vote on increasing the number of shares they can issue.   

This news comes as the company prepares to release its fourth-quarter earnings on February 4th.

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