The post MicroStrategy Stock Surges 13% Amid $2 Billion Bitcoin Plan appeared on BitcoinEthereumNews.com.

MicroStrategy (MSTR), the largest corporate holder of Bitcoin in the world, witnessed its shares rise by 13.22% on January 4 after revealing plans to raise $2 billion in capital. The perpetual preferred stock offering underscores the company’s unyielding commitment to expanding its Bitcoin reserves. It is a strategy that continues to attract market attention and drive its valuation higher. $2 Billion to Back Bitcoin Ambitions The newly announced offering is part of the company’s elaborate ‘21/21’ strategic plan that is designed into two phases. This big and challenging goal is to mobilize $42 billion within three years: $21 billion of equity and $21 billion of fixed-income instruments. The funds will be channelled to the company’s balance sheet and deepen its Bitcoin bet. – Advertisement – As of January 4, MicroStrategy holds 446,400 BTC, valued at approximately $43.9 billion, according to Bitcoin Treasuries. The company’s average purchase price of $62,500 per Bitcoin positions it with a 57.2% gain on its investment. The perpetual preferred stock offering gives priority to holders over common stock in case of liquidation or bankruptcy. Although the company has refrained from giving this specific detail, the offering is set to occur within the current quarter under favorable market conditions. Source: X MicroStrategy stocks have recovered in spectacular fashion once again. Avid investors lapped up the capital raising announcement, sending the stock soaring by 13.22% on January 4, landing at $339.66 per share. In the past 1 year, the value of MSTR is 395.75% up as per Yahoo Finance. That’s far exceeding the 122.21% increase in value for Bitcoin. The rally demonstrates the investor optimism to MicroStrategy’s aggressive Bitcoin move spearheaded by the Executive Chairman Michael Saylor. Saylor has been one of the bullish supporters of Bitcoin as an investment for treasury. He has referred to it as…

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Filed under: News - @ January 5, 2025 10:17 pm