🚀 MicroStrategy's "21/21 Plan" to Raise $42 Billion for Bitcoin!
- Michael Saylor’s MicroStrategy is on a mission to raise $42 billion over the next three years to buy more Bitcoin. That's right, $21 billion in equity and $21 billion in fixed-income securities.
- At current prices, this could snag them around 578,586 BTC, or 2.7% of the total Bitcoin supply. Talk about HODLing!
- CEO Phong Le aims to boost the firm's BTC returns, targeting a juicy annual yield of 6%-10% by 2027.
- Crypto enthusiasts are buzzing, with some calling it "escape velocity." 🚀
Source: Michael Saylor
MicroStrategy, led by Michael Saylor, is set to raise a whopping $42 billion over the next three years to buy more Bitcoin. Dubbed the "21/21 plan," the strategy involves $21 billion in equity and $21 billion in fixed-income securities. This move aims to boost the firm's Bitcoin returns, with CEO Phong Le targeting an annual BTC yield of 6% to 10% by 2027.
Currently, $42 billion would buy around 578,586 BTC, about 2.7% of the total Bitcoin supply. The company’s Bitcoin yield stands at 17.8% year-to-date. This ambitious plan has sparked bullish sentiments among crypto commentators and analysts.
💥💥 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗦𝘂𝗿𝗴𝗲 𝗘𝘅𝗽𝗲𝗰𝘁𝗲𝗱 𝗪𝗵𝗶𝗹𝗲 𝗔𝗹𝘁𝘀 𝗥𝗲𝗺𝗮𝗶𝗻 𝗦𝘁𝗲𝗮𝗱𝘆 𝗔 𝗦𝗵𝗶𝗳𝘁 𝗶𝗻 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗗𝗼𝗺𝗶𝗻𝗮𝗻𝗰𝗲 𝗟𝗼𝗼𝗺𝘀 💥💥
Bitcoin’s Momentum
Bitcoin is expected to experience a significant rally, while altcoins may remain steady. When Bitcoin faces a correction, altcoins typically experience a sharper decline, a common effect of Bitcoin’s dominance.
A Temporary Shift Approaches
However, this dominance effect is anticipated to be temporary. A phase is on the horizon where altcoins are likely to surge independently, potentially outperforming Bitcoin.
Strategic Positioning
Now is an opportune time to consider strengthening altcoin holdings in preparation for this shift in market dynamics.
{spot}(BTCUSDT)
#Therapydogcoin #USADPSurges #USJobOpeningsDip #BTCBreak71K
IS BITCOIN THE ANSWER?
FLORIDA CFO PROPOSES CRYPTOCURRENCY FOR PENSION STABILITY
Florida's Chief Financial Officer, Jimmy Patronis, is making waves by proposing Bitcoin as an investment option for the state's pension funds. He believes that adding cryptocurrency to the mix could provide a hedge against volatility and ensure the financial stability of these funds, which support teachers, police officers, and firefighters .
Patronis is urging the State Board of Administration to explore this opportunity, emphasizing the need to stay ahead of the curve in terms of financial innovation. He's requesting a report on the feasibility of investing in Bitcoin, highlighting its potential for stable returns .
This move could potentially pave the way for other states to follow suit. While some may view cryptocurrency as a risky investment, Patronis is looking to diversify the state's portfolio and protect the pensions of Florida's public servants.
Key Benefits of Bitcoin Investment:
Diversification: Spreading investments across different asset classes to reduce risk
Hedge against volatility: Protecting against market fluctuations
Innovation: Staying ahead of the curve in financial technology
It's worth noting that this proposal is still in its early stages, and the State Board of Administration will need to carefully consider the risks and benefits before making any decisions. However, Patronis's enthusiasm for Bitcoin is certainly generating buzz in the financial community .
Kraken, one of the world’s largest cryptocurrency exchanges, on Wednesday announced the layoff of 15 percent of its workers, a corporate restructuring and the appointment of a new co-chief executive. The cuts amounted to about 400 of the company’s roughly 2,600 employees. They included two members of the leadership team: the chief operating officer, Gilles BianRosa, and the chief technology officer, Vishnu Patankar.
Anon spotted an investment opportunity on another blockchain network.
He's ready to act but first have to bridge their assets to that network, a process that takes time, incurs fees, and potentially open him up to price slippage.
Worse, by the time his assets were transferred, the opportunity was no longer be available.
The hurdles can be summed up as:
> Assets scattered across multiple
> Cross-chain transaction complexities
> Accessibility issues
The solution? AggLayer: a powerful new layer that integrates Layer 1 and Layer 2 networks.
AggLayer’s mission is to make DeFi interactions feel as seamless as using a single, unified blockchain.
It allows users to perform cross-chain transactions effortlessly, without navigating multiple bridges or switching between wallets.
Now this is the interesting part 😮💨
The integration of AggLayer into HaustNetwork amplifies these benefits even further.
Haust Network vision for a unified DeFi experience aligns perfectly with AggLayer’s capabilities.
With this partnership, @HaustNetwork is set to eliminate the friction in managing multiple wallets and transferring assets across chains.
Users can now tap into a pool of unified liquidity, making every transaction feel cohesive and straightforward.
So this means that users on Haust Network can invest and trade across chains without worrying about cross-chain fees, price slippage, or lost time.
It’s a significant leap toward DeFi's goal of creating a borderless financial ecosystem.
For more updates follow @HaustNetwork
Meet the POL Rush Judges ⛏️
• @chainyoda, @Hadronfc
• @anuragarjun, @AvailProject
• @dberenzon, @archetypevc
• @TheOneandOmsy, @dragonfly_xyz
• @0xRaghav, @LongHashVC
• @CryptoRocky, @QuickswapDEX
• @victorJi15, @MantaNetwork
Canary Capital has filed for a spot Solana (SOL) ETF with the SEC, joining VanEck and 21Shares in the race. The ETF will track SOL’s price via the Chicago Mercantile Exchange CF Solana index, making it easier for investors to access Solana without the hassle of holding it directly. 🪙
Solana is eyeing the spotlight, following Bitcoin and Ether's ETF approvals. Canary’s filing comes hot on the heels of their spot XRP and Litecoin ETF attempts. Meanwhile, Solana’s price had a slight uptick but remains down 2.3% over the last day.
Canary aims to lead with innovative crypto offerings, focusing on risk management and strategic foresight.