According to PANews on December 19, Michael Saylor, co-founder and chairman of MicroStrategy, stated that the company plans to further utilize fixed income securities as a source of capital for Bitcoin purchases after the current fundraising plan is completed. Saylor expressed a desire to build a smarter leverage structure for common stock shareholders, noting that the company has already raised funds through the issuance of convertible bonds and stock.
As of now, MicroStrategy has raised $6.2 billion through its current plan, part of which is used to purchase Bitcoin. The company has announced significant Bitcoin purchases every Monday for the past six weeks, totaling $4.2 billion, while driving its stock price up about 500% this year, far exceeding Bitcoin's 150% increase.
With a market capitalization surpassing $90 billion, MicroStrategy is about to be included in the Nasdaq 100 index, which is expected to attract over $2 billion in index fund purchases. Saylor stated that the company plans to further utilize fixed income instruments in the first quarter of 2025 and will revise its capital plan when market conditions allow. He also mentioned that he would be willing to serve as an advisor on a digital asset advisory committee that could be established by the incoming Trump administration if invited.
