MicroStrategy plans to spend $8.4 billion to increase its Bitcoin holdings
MicroStrategy, the largest corporate holder of Bitcoin ($BTC ), has announced plans to raise $42 billion over the next three years to significantly expand its Bitcoin holdings. This ambitious initiative, termed the "21/21 Plan," involves securing $21 billion through equity offerings and another $21 billion via fixed-income securities .
(Bloomberg)
The company aims to increase its Bitcoin yield by 6–10% annually from 2025 through 2027, enhancing shareholder value through strategic digital asset accumulation . As of September 30, 2024, MicroStrategy held 252,220 bitcoins, acquired at an average price of $39,266 per coin .
(Forbes)
This move underscores MicroStrategy's unwavering commitment to Bitcoin as a primary treasury reserve asset, positioning the company to capitalize on the digital transformation of capital markets.
(Bitcoinist.com)
