Michael Saylor’s MicroStrategy Announces $42 Billion Plan To Increase Bitcoin Holdings
Michael Saylor’s MicroStrategy has announced an ambitious plan to raise $42 billion over the next three years to expand its Bitcoin holdings. The strategy, named the “21/21 Plan,” aims to secure $21 billion through equity and an additional $21 billion through debt, underscoring Saylor’s ongoing commitment to Bitcoin as a key corporate asset. “As a Bitcoin Treasury Company, we plan to use the additional capital to buy more bitcoin as a treasury reserve asset in a manner that will allow us to achieve higher BTC Yield,” said president and CEO Phong Le, in the company’s third-quarter earnings statement. 🟠#BTC MicroStrategy has announced an ambitious plan to raise $42 billion over the next three years, split evenly between $21 billion in equity and $21 billion in fixed-income securities. The company intends to use this capital to increase its Bitcoin holdings as a treasury pic.twitter.com/f2MEcnevoQ — Fortune Tells (@online0705) O...