🚀 MicroStrategy's Bold $42 Billion Bitcoin Bet! 🚀
MicroStrategy (MSTR) is making waves again! The company has unveiled a massive $42 billion plan over the next three years to bolster its Bitcoin holdings and enhance BTC yield for its shareholders. This ambitious "21/21 Plan" aims to raise $21 billion through ATM equity offerings and another $21 billion via fixed-income securities.
Phong Le, President and CEO, emphasized that this move will help achieve higher BTC yield, targeting an impressive 6% to 10% annually. Despite a $412 million impairment loss on digital assets, the company remains bullish on Bitcoin's future.
Michael Saylor, executive chairman, envisions transforming MicroStrategy into a trillion-dollar Bitcoin bank. Following this announcement, MSTR stock soared to 20-year highs. 🌟
Stay tuned for more Bitcoin excitement!