According to the official announcement, MicroStrategy announced plans to raise up to $2 billion by issuing preference shares as part of its "21/21 Plan", which aims to raise $42 billion (equity and fixed income 21 billion) over three years. The purpose of this offering is to allow MicroStrategy to continue strengthening its balance sheet and acquire more bitcoin, which is expected to take place in Quarter 1, 2025. The announcement states that the decision to proceed and complete the offering is at MicroStrategy's sole discretion and subject to market and other conditions. MicroStrategy may choose not to proceed or complete the offering.