Microstrategy’s Bitcoin Return Reaches 3,177 BTC Last Week
Microstrategy’s treasury operations generated 3,177 bitcoins last week, worth $299 million, furthering its aggressive acquisition of BTC and cementing its position as the largest corporate holder of bitcoin.
Microstrategy’s treasury operations generated $299 million in BTC last week
Michael Saylor, executive chairman of Microstrategy (Nasdaq: MSTR), outlined the company’s Bitcoin investment results in a post on social media platform X on Tuesday. He wrote:
“This announcement highlights the company’s aggressive strategy to use equity and debt to acquire BTC to drive shareholder value through what Saylor calls ‘BTC returns.’” Microstrategy has been actively raising capital to fund its Bitcoin acquisitions. In October, the company unveiled its "21/21" plan, aiming to raise $21 billion in equity and $21 billion in fixed income securities over the next three years to buy additional bitcoin.