MicroStrategy is targeting a capital raise of up to $2 billion to continue to strengthen its balance sheet and acquire more the business software company announced. The capital raise will be through one or more public underwritten offerings of perpetual preferred stock, which may include features such as convertibility to class A common stock and payment of cash dividends, MicroStrategy said in a press release. “The number of depositary shares representing an interest in the perpetual preferred stock to be offered, the final terms of the perpetual preferred stock, and the price for the Offering have not yet been determined,” the company wrote, adding that the offering is expected to occur, if at all, in the first quarter.