Breaking: MicroStrategy Announces Plan To Raise $42B To Buy More Bitcoin

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As a seasoned observer of the digital currency market and with years of experience under my belt, I find MicroStrategy’s ambitious plan to raise $42 billion over three years to buy more Bitcoin intriguing. It’s not every day we see a company rebrand itself as a ‘Bitcoin Treasury Company.’

As a researcher, I’m sharing an exciting development: MicroStrategy, the company I’ve been following, has declared its intentions to increase its capital for the acquisition of additional Bitcoins over the ensuing three years. This move aims to intensify their Bitcoin strategy. Interestingly, this decision aligns with Michael Saylor, one of the co-founders, agreeing with Donald Trump’s assertion that Bitcoin functions as a form of currency and should be exempt from capital gains tax.

MicroStrategy To Raise $42 Billion To Buy More Bitcoin

After their recent earnings discussion, the software firm has revealed a strategic aim: they intend to acquire approximately $42 billion within the subsequent three years, with this capital primarily allocated towards purchasing Bitcoin. The funds will be sourced through $21 billion in equity and an equal amount in fixed-income securities.

In simple terms, MicroStrategy has been called the ‘Bitcoin Reserve Corporation’ because they have stated that some of their funds will be invested in purchasing additional Bitcoins, which will serve as their reserve asset. This strategy is intended to generate a higher return on their Bitcoin holdings.

This strategy is likely to significantly increase the value of Bitcoin, as the purchasing power it might receive from this software company’s BTC acquisitions could be substantial.

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2024-10-30 23:23