MicroStrategy, the big Bitcoin buyer, just doubled down, snagging another 27,200 BTC for a cool $2 billion. They're now sitting on a Bitcoin pile worth nearly $23 billion. With Bitcoin soaring past $82,000, MicroStrategy's early bet is paying off big time. They've already pocketed over $200 million in profits as Bitcoin's price skyrocketed.
Their strategy is simple: issue shares, buy Bitcoin, and ride the wave. Since 2020, they've made 42 Bitcoin buys. CEO Michael Saylor's latest plan is even bolder: a $42 billion capital raise by 2027. He's aiming to build a massive Bitcoin reserve, using a huge equity program and a mix of debt and equity financing.
