🚀 MicroStrategy plans to raise $42 billion over the next three years to accelerate its BTC accumulation plan!
This Wednesday, MicroStrategy announced a major plan to raise up to $42 billion in the next three years to purchase more Bitcoin (BTC)!
This plan from MicroStrategy is called the "21/21" plan, which aims to raise funds in two ways: half through stock sales and the other half through the issuance of fixed-income securities, each amounting to $21 billion.
MicroStrategy's President Phong Le stated that their goal is to use the raised funds to buy more Bitcoin and as the company's financial reserve asset to enhance BTC's yield.
At the same time, through precise timing of interest rate hikes and securities issuance, MicroStrategy has set a new annual yield target for Bitcoin, expected to be between 6% and 10%. That’s quite a number, isn’t it?
By the way, MicroStrategy also reported a digital asset impairment loss of $412 million, indicating that they have not yet adopted fair value accounting to calculate their business value.
Finally, don't forget that MicroStrategy's Executive Chairman Michael Saylor recently announced an ambitious plan aimed at transforming MicroStrategy into a trillion-dollar Bitcoin bank!
Shortly after this commitment was announced, MSTR's stock price soared to its highest point in 20 years. It seems the market is responding very positively to this news!
🗣 Conclusion:
MicroStrategy's $42 billion Bitcoin investment plan is not only a bold bet on cryptocurrency but also a disruption of traditional financial models.
This action signals how businesses can innovate to adapt to the digital age, while also sparking discussions about risk management and regulatory adaptability. As the Bitcoin banking concept progresses, we are standing at the threshold of a new financial era.
💬 Finally, what do you think of MicroStrategy's bold move? Do you believe this action will influence the investment strategies of other companies?
