Dow futures are trending upward as chip stocks gain traction. In a notable development, MicroStrategy Inc. is making headlines with its plans to raise $2 billion through the issuance of preferred stock.

MicroStrategy, recognized as a significant player in the cryptocurrency sector, aims to use the funds to support additional investments in Bitcoin. The company has stated that this capital raise will occur in the first quarter, depending on market conditions.

• The offering will include one or more public underwritten sales of perpetual preferred stock.
• This move underscores the company’s ongoing dedication to increasing its Bitcoin holdings.

📎 Related coverage from: marketwatch.com