Analyst: MicroStrategy's $2 Billion Preferred Stock Strategy Could Unlock Gold Mine of Institutional Money

MicroStrategy plans to raise up to $2 billion through preferred stock offerings to advance its ambitious “21/21” plan to meet its funding goals by issuing $42 billion in equity and fixed-income securities. We believe that any preferred stock the company may offer will likely include both of these features, with the ability to convert to common stock providing preferred stock investors with an element of volatility and optionality that they don't often see,” Palmer said.