On October 30, MicroStrategy announced plans to raise $42 billion over three years to fund additional Bitcoin purchases. However, due to unexpectedly rapid progress toward this goal, the company is already preparing to adjust its strategy.
Accelerated Progress Toward Bitcoin Acquisition
MicroStrategy has been purchasing Bitcoin aggressively in recent weeks, bringing it closer to its target far earlier than anticipated. Speaking on Bloomberg, company founder Michael Saylor explained that they will reevaluate their capital strategies starting in the first quarter of 2025.
“When we announced the $42 billion plan on October 30, we were uncertain about the response from the capital markets,” Saylor said. “The reaction exceeded our expectations, allowing us to move faster than we initially planned. Going forward, we will explore shifts toward fixed income markets to create a smarter leveraged return system for our shareholders.”
Transition to Fixed Income Markets
Saylor highlighted that MicroStrategy’s capital strategy, which has historically involved fixed income, convertible debt, and equity markets, may lean more heavily toward fixed income markets in the future. This shift is expected to be a focus by Q1 2025, aiming to optimize shareholder benefits through a more strategic approach to leveraged returns.
Advocacy for Bitcoin Adoption
During the interview, Saylor also expressed interest in advising Donald Trump on Bitcoin investment, suggesting that such investments could be made publicly or privately. “I would be happy to see Trump embrace cryptocurrencies and Bitcoin,” he said.
Record Bitcoin Purchases and Nasdaq Inclusion
Over the past five weeks, MicroStrategy has invested billions of dollars, purchasing nearly 180,000 Bitcoins. The company now holds a total of 439,000 BTC.
Additionally, MicroStrategy will join the Nasdaq 100 index on December 23, solidifying its position among the largest companies in the United States. This inclusion reflects the company’s growing influence in both the tech and cryptocurrency sectors.
With an evolving capital strategy and significant Bitcoin holdings, MicroStrategy continues to position itself as a leading advocate for cryptocurrency adopting.
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