Breaking: MicroStrategy Plans to Raise $42 Billion to Buy More $BTC

Michael Saylor’s MicroStrategy has announced a massive plan to raise $42 billion over the next three years to invest further in Bitcoin. This ambitious strategy cements MicroStrategy’s new role as a “Bitcoin Treasury Company,” with $21 billion in equity and $21 billion in fixed-income securities aimed at boosting its BTC holdings.

Key Highlights:

• Major Bitcoin Accumulation: MicroStrategy’s goal to raise $42 billion will drive significant buying pressure for Bitcoin, likely benefiting BTC’s price.

• Bitcoin as Treasury Reserve: The company plans to use a portion of these funds to increase its BTC reserves, targeting a higher Bitcoin yield. MicroStrategy already holds 252,220 BTC, valued at $6.851 billion, bought at an average price of $39,266 per Bitcoin.

• Top $BTC Holder: Holding 1.2% of Bitcoin’s total supply, MicroStrategy is now one of the largest BTC holders, ranking just behind Satoshi Nakamoto, Binance, Blackrock, and Grayscale.

Since adopting its Bitcoin strategy in August 2020, MicroStrategy’s stock (MSTR) has outperformed major assets, including Bitcoin itself, showcasing the company’s success with its BTC-focused approach.#BTCBreak71K #BinanceBlockchainWeek #CryptoPreUSElection #EthereumPectraUpgrade