Bitcoin Surge Incoming? Best Crypto to Buy Now as Strategy Secures $21B for BTC Accumulation
The post Bitcoin Surge Incoming? Best Crypto to Buy Now as Strategy Secures $21B for BTC Accumulation appeared on BitcoinEthereumNews.com.
Despite going through a tumultuous Q1 and registering massive losses, MicroStrategy hasn’t pulled back from its Bitcoin buying spree. The latest word is that the firm, which has now rebranded as Strategy, plans to raise another $21 billion to buy more Bitcoin. $MSTR announces BTC Yield of 13.7% and BTC $ Gain of $5.8B year-to-date, doubles capital plan to $42B equity and $42B fixed income to purchase bitcoin, and increases BTC Yield target from 15% to 25% and BTC $ Gain target from $10B to $15B for 2025. https://t.co/LgeMEd6Dr5 — Michael Saylor (@saylor) May 1, 2025 The goal here is to help fund future Bitcoin purchases, Michael Saylor, former CEO of Strategy, wrote on X. The tweet also included a deep dive into how much BTC yield the company achieved through its first-quarter 2025 financial results. “We are thrilled to report a strong start to the year with a year-to-date ‘BTC Yield’ of 13.7%,” the report said, highlighting that the firm has achieved over 90% of its 2025 target in the first four months of this year. The company will now issue a new $21 billion common stock equity offering. This massive buy could lead to a significant surge, exacerbating the nature of the bull run and creating a ripple effect that could result in exponential gains for other altcoin investors. Naturally, this means investors should stay ahead and invest in the best crypto to buy now. Bitcoin Bullishness Despite Revenue Decrease The financial results report revealed that Strategy’s software business experienced a 3.6% loss in revenue year-over-year, compared to the first quarter of 2024. Other services revenues also went down by 15% since last year, and a similar double-digit decline was seen in product support revenues. While going all-in on Bitcoin during this decline could be seen as a…
Filed under: News - @ May 2, 2025 5:25 am