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 cryptocurrency-focused companies like Coinbase and MicroStrategy jumped Thursday morning ahead of the first trading session of the new year as Bitcoin also rose.

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

During the past 12 months, MicroStrategy's stock rose 380% as KULR's stock skyrocketed almost 1,800%. Let's see why KULR outperformed MicroStrategy -- and whether it will remain the better investment over the next few years.

MicroStrategy bought about $209 million of bitcoin in the past week, making it eight weeks in a row that the company has acquired more of the digital currency.

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