{"id":593339,"date":"2024-10-31T10:46:50","date_gmt":"2024-10-31T10:46:50","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=593339"},"modified":"2024-10-31T10:46:50","modified_gmt":"2024-10-31T10:46:50","slug":"michael-saylors-microstrategy-announces-42-billion-plan-to-increase-bitcoin-holdings","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/michael-saylors-microstrategy-announces-42-billion-plan-to-increase-bitcoin-holdings","title":{"rendered":"Michael Saylor\u2019s MicroStrategy Announces $42 Billion Plan To Increase Bitcoin Holdings"},"content":{"rendered":"
Michael Saylor’s MicroStrategy has announced an ambitious plan to raise $42 billion over the next three years to expand its Bitcoin holdings.<\/p>\n
The strategy, named the “21\/21 Plan,” aims to secure $21 billion through equity and an additional $21 billion through debt, underscoring Saylor’s ongoing commitment to Bitcoin as a key corporate asset.<\/p>\n
“As a Bitcoin Treasury Company, we plan to use the additional capital to buy more bitcoin as a treasury reserve asset in a manner that will allow us to achieve higher BTC Yield,” said president and CEO Phong Le, in the company’s third-quarter earnings statement<\/a>.<\/p>\n 🟠#BTC<\/a><\/p>\n MicroStrategy has announced an ambitious plan to raise $42 billion over the next three years, split evenly between $21 billion in equity and $21 billion in fixed-income securities. The company intends to use this capital to increase its Bitcoin holdings as a treasury pic.twitter.com\/f2MEcnevoQ<\/a><\/p>\n — Fortune Tells (@online0705) October 31, 2024<\/a><\/p><\/blockquote>\n\n