Strategy’s big bet: $2.8B stock offering to acquir

Strategy’s big bet: $2.8B stock offering to acquire 25K more Bitcoin
Strategy eyes $2.8B raise for extra BTC buys in next few days

Key Takeaways
MicroStrategy has quadrupled its preferred stock offering to $2.8 billion to advance its BTC acquisition. Will its growing debt become a risk factor?

MicroStrategy has reportedly increased its latest preferred perpetual stock, Stretch (STRC), offering from $500M to $2.8 billion. 
This was a 4x expansion from the initial plan, and the proceeds will help the firm acquire more Bitcoin [BTC]. 
According to a Bloomberg report, big players like Morgan Stanley and Barclays had already shown interest in the new stock offering, underscoring the firm’s aggressive capital raising method to meet its BTC vision.