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    Home»Cryptocurrency»MicroStrategy Unveils Aggressive $42 Billion Plan To Acquire More Bitcoin
    Cryptocurrency

    MicroStrategy Unveils Aggressive $42 Billion Plan To Acquire More Bitcoin

    October 31, 20242 Mins Read


    MicroStrategy has announced a record three-year plan to raise as much as $42 billion to purchase more Bitcoin—among the most ambitious institutional cryptocurrency investment plans to date.

    MicroStrategy has announced a record three-year plan to raise as much as $42 billion to purchase more Bitcoin—among the most ambitious institutional cryptocurrency investment plans to date. Under the ambitious “21/21 plan,” MicroStrategy intends to secure equal allocations of $21 billion through equity and fixed-income securities.

    At current prices, the investment equates to about 578,586 BTC for MicroStrategy, making up some 2.7% of the total Bitcoin supply. The bold move underlines sustained confidence in cryptocurrency as a treasury reserve asset.

    Phong Le, president and CEO of MicroStrategy, said the strategy represents higher returns on the company’s Bitcoin holdings. The firm reportedly generated an impressive 17.8% Bitcoin yield year-to-date and forecasts an annual yield between 6% and 10% from 2025 to 2027.

    This latest initiative follows MicroStrategy’s successful $1.01 billion convertible senior notes offering in September which came with a 0.625% interest rate and 2028 maturity. That offering, targeted at institutional investors, provided options to convert for cash or company stock.

    This Bitcoin-heavy strategy has proved lucrative so far, as MicroStrategy’s stock performance has outpaced tech giant Microsoft over the last 25 years, up over 1,500% since 1999.

    This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators.
    This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice.
    The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.



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