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

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,

MicroStrategy’s share price rose to $341.14, after a rocky 24 hours when share prices tanked 40%. Earlier this week, the firm – the world’s largest corporate holder of bitcoin – announced the acquisition of 2,

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