MicroStrategy plans to raise $2 billion from a perpetual preferred stock offering to purchase extra Bitcoin for the company.

MicroStrategy, the largest corporate Bitcoin holder, has announced plans to raise another $2 billion through a perpetual preferred stock offering.

MicroStrategy is targeting a capital raise of up to $2 billion to continue to strengthen its balance sheet and acquire more Bitcoin, the business software company announced. The capital raise will be through one or more public underwritten offerings of perpetual preferred stock,

Shares of software company MicroStrategy ($MSTR) climbed to $339.66 on Friday following its recent plunge. The rally came after the company