MicroStrategy recently outlined a bold three-year initiative to raise $42 billion to expand its Bitcoin holdings, pushing forward with its pro-crypto strategy under Executive Chairman Michael Saylor.
The so-called "21/21 Plan" divides the funding goal evenly between $21 billion in equity raises and $21 billion in debt issuance, allowing the company to continue adding to its Bitcoin reserves.
MicroStrategy currently holds 252,220 BTC, purchased at an average of $39,266 each, now valued at over $18 billion based on recent prices.
The company’s move underscores its commitment to Bitcoin as a core asset, with CEO Phong Le noting that the fresh capital will enhance the firm’s BTC Yield, targeting a performance metric of 6%–10% for 2024.
However, this aggressive strategy has seen mixed reactions from investors.
MicroStrategy’s stock dipped 10% in after-hours trading following the announcement, though shares remain up by 250% year-to-date
