PANews reported on January 4 that according to The Block, MicroStrategy plans to raise up to $2 billion by selling preferred shares to advance its previously announced plan to raise $42 billion in three years to fund Bitcoin purchases. MicroStrategy's latest offering is expected to take place in the first quarter of 2025, but the company reserves the right to decide whether to proceed, depending on market conditions. The preferred shares sold may be convertible into MSTR Class A shares and pay dividends. MicroStrategy has not yet set a target price for this offering.