MicroStrategy Unveils Massive $42B Plan to Boost Bitcoin Holdings
MicroStrategy unveils a massive $42 billion plan aimed at expanding its Bitcoin reserves!
Michael Saylor’s MicroStrategy is doubling down on Bitcoin, announcing an ambitious $42 billion capital-raising plan to buy even more BTC.
Revealed in their Q3 earnings report, the tech company’s “21/21 Plan” aims to gather $21 billion in equity and $21 billion in fixed-income securities over the next three years.
With a current stash of 252,220 BTC, MicroStrategy’s vision is clear: grow their Bitcoin holdings and increase shareholder value. “Our goal is to leverage the digital transformation of capital,” said Phong Le, President and CEO.
The additional funds will go toward buying more BTC as a treasury asset, aiming for a higher BTC yield as they position themselves as a Bitcoin-first company.