MicroStrategy unveils new $42 billion capital raising plan to buy more bitcoin (BTC) - The Daily Hodl
The largest corporate holder of #bitcoin (BTC) has announced a new $42 billion capital raising plan to accumulate more of this iconic digital asset.
In a new press release, #MicroStrategy President and CEO Won Le said that the company's "Plan 21/21" aims to raise $21 billion in equity and $21 billion in debt over the next three years.
We remain focused on increasing the value created for our shareholders by leveraging the digital transformation of capital. As a bitcoin treasury company, we plan to use additional capital to purchase more bitcoins as treasury reserve assets to achieve higher #BTC yields.
MicroStrategy's one-year BTC yield (a key performance indicator for its bitcoin acquisition strategy) is 17.8%. The company says it will revise its long-term goal to achieve an annual BTC return of 6% to 10% between 2025 and 2027. MicroStrategy has a market capitalization of $49.54 billion, and the $42 billion it plans to spend on bitcoin represents nearly 85% of its market capitalization. As of September 30, the company owned 252,220 BTC worth $16,007 million, and MicroStrategy purchased these crypto assets for $9,904 million (an average of $ 39,266 per bitcoin).
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