MicroStrategy's bold Bitcoin strategy is turning heads. The company plans to raise $42 billion over three years to fund its Bitcoin acquisitions, sparking debate about the sustainability of its approach. Their "21/21 Plan" involves raising capital through equity sales and convertible bonds, recently securing $4.6 billion from shares and $2.6 billion from bonds. These bonds offer no interest but potential stock conversion profits, tying returns to Bitcoin's volatile market. While MicroStrategy's strategy offers leveraged Bitcoin exposure, it also heightens risk, especially if Bitcoin's price crashes.
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