The post MicroStrategy About To Increase Its Bitcoin Stash By Over 4x With New $42 Billion Plan appeared on BitcoinEthereumNews.com.

MicroStrategy has shocked the crypto community with its latest plans to increase its Bitcoin stash by 4X with an impressive $42 billion capital plan. Known for its unwavering Bitcoin accumulation strategy, MicroStrategy has consistently purchased BTC, solidifying its position as the world’s largest corporate holder of the cryptocurrency. If the company can increase its BTC stash by 4X, MicroStrategy would own over 1 million BTC, representing approximately 4.76% of BTC’s total supply of 21 million BTC.  The 21/21 Plan: MicroStrategy’s $42 Billion Bitcoin Strategy On October 30, Michael Saylor, the founder and executive chairman of MicroStrategy, the leading global business intelligence company, unveiled an astonishing new capital strategy that could transform and elevate its role in the digital asset market. In an X (formerly Twitter) post, Saylor announced that the new capital strategy called the “21/21 plan” will target $42 billion in capital over the next three years to fuel its BTC acquisition goals.  In an official blog post, MicroStrategy revealed that its $42 billion capital plan will be split evenly between At The Market (ATM) equity offerings and Fixed-Income securities. This significant capital fusion will be used to fund future BTC purchases, as the company aims to increase its Bitcoin stash and boost its BTC yield to a new target of 6-10% annually from 2025 through 2027.  According to MicroStrategy, the BTC yield is a key metric that the company uses to evaluate the performance of its Bitcoin acquisition strategy in a manner that will benefit shareholders.   Speaking on the new BTC accumulation plan, MicroStrategy’s President and Chief Executive Officer (CEO), Phong Le, disclosed that the company’s primary focus is to increase the value generated for shareholders by taking advantage of the digital transformation of capital. He disclosed that the 21/21 plan reflects MicroStrategy’s dedication to Bitcoin as a treasury reserve asset…

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Filed under: News - @ November 1, 2024 4:14 am