Michael Saylor’s software giant, MicroStrategy, is set to finance its continued Bitcoin acquisition strategy through new stock sales and capital raises.

MicroStrategy’s Ambitious Bitcoin Plans

MicroStrategy plans to buy $42 billion worth of Bitcoin by 2027. The firm’s CEO, Phong Le, disclosed this during the company’s October 30 earnings call. The company intends to issue more securities to support cash flow from its software business and scale its Bitcoin capital markets initiatives.

Le referred to the plan as “21/21,” with MicroStrategy aiming to raise $21 billion from debt and $21 billion from equity offerings.

Impact of Rising Bitcoin Prices

The rising prices of Bitcoin have significantly benefited MicroStrategy and its MSTR stock, enabling the company to invest more in purchasing Bitcoin. Currently, MicroStrategy is the largest known corporate Bitcoin holder, possessing over $18 billion in Bitcoin on its balance sheet.

Thank You, Satoshi.

Expanding Bitcoin Adoption

During the earnings call, Michael Saylor outlined an expanded buying roadmap, which includes promoting Bitcoin as a treasury reserve asset. He emphasized, “We’re going to promote global adoption of BTC as a treasury reserve asset. Promote it to countries, cities, states, and companies, both public and private.”

Saylor’s vision has found support from other influential figures. For instance, presidential candidate Donald Trump has expressed his intention to turn America’s $12 billion BTC holdings into a national strategic reserve.

Bitcoin’s Market Performance

MicroStrategy’s and Saylor’s Bitcoin holdings have increased in value as Bitcoin surged to all-time highs. This week, Bitcoin crossed $73,000 before a 4% market correction, bringing it to around $70,000 at the time of writing.

Saylor’s commitment to Bitcoin maximalism has led to a continuous buying program, raising questions about his long-term plans for these holdings. Saylor has stated he will never sell and intends to return his BTC holdings to civilization when he’s gone.

#Finance #BitcoinPrice #PeerToPeer

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