As a seasoned crypto investor with a knack for recognizing promising ventures, I find MicroStrategy’s aggressive fundraising strategy under Michael Saylor’s leadership quite intriguing. Having weathered numerous market fluctuations and witnessed the rise and fall of many crypto projects, I am cautiously optimistic about this move.
As an analyst, I’d rephrase that statement like this: Recently, Michael Saylor, co-founder of MicroStrategy, shared with Bloomberg his plans to revamp our fundraising approach. The new strategy will incorporate more intelligent forms of leverage.
According to U.Today’s report, MicroStrategy revealed intentions to amass a grand total of $42 billion over a span of three years, as stated in October.
However, the business intelligence firm is now way ahead of its fundraising target.
Upon making our announcement, there was some uncertainty about how receptive the financial markets would be. However, we received an overwhelmingly positive response…We moved quicker than expected on October 30th, according to him.
Saylor said that the company would continue raising capital primarily through fixed-income markets.
When MicroStrategy fulfills its fundraising target, it intends to reassess its financial strategy, taking into account the prevailing market conditions as suggested by Saylor.
Saylor mentioned that we often ponder whether we should invest in convertible, fixed-income, or equity markets. This decision may vary over time, but he anticipates a greater emphasis on fixed-income markets during Q1 as we progress.
Currently, Saylor indicates that the company is becoming less reliant on debt, but he aims to increase our financial leverage.
According to U.Today, MicroStrategy has just been included in the Nasdaq-100 index, marking a significant achievement for the firm. The CEO stated, “We have a thriving software department that we’re quite proud of. I was instrumental in its creation. However, we also view ourselves predominantly as a Bitcoin investment company these days.
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2024-12-19 11:21