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MicroStrategy Targets $42B for Expanded Bitcoin Holdings MicroStrategy, a prominent business intelligence and Bitcoin development firm, has unveiled its ambitious “21/21 Plan,” aiming to raise $42 billion over the next three years. The plan is strategically split evenly between equity and fixed-income issuances, with the primary objective of expanding the company’s Bitcoin holdings to 412,220 BTC by 2025. This move underscores MicroStrategy’s commitment to solidifying its position as one of the top Bitcoin holders in the world.   Introduction to MicroStrategy’s 21/21 Plan Who is MicroStrategy? MicroStrategy Incorporated (MSTR) is a leading business intelligence and software company that has garnered significant attention for its substantial investments in Bitcoin. Under the leadership of CEO Michael Saylor, MicroStrategy has positioned itself as a pioneering entity in the intersection of traditional business intelligence and decentralized finance (DeFi). Overview of the 21/21 Plan The 21/21 Plan represents a bold strategic initiative by MicroStrategy to massively scale its Bitcoin holdings. By raising $42 billion through a combination of equity and fixed-income issuances, the company aims to acquire an additional 160,220 BTC, bringing its total holdings to 412,220 BTC by the end of 2025. This plan is predicated on the belief that Bitcoin will reach a price target of $175,000 per BTC, significantly enhancing the company’s asset portfolio and investor value.   Details of the 21/21 Plan Fundraising Strategy MicroStrategy’s fundraising approach involves an equal split between equity and fixed-income instruments. This balanced strategy is designed to optimize capital raising while managing dilution risks and maintaining financial stability. By leveraging both equity and debt markets, MicroStrategy aims to secure the necessary funds without overly burdening its balance sheet. Bitcoin Acquisition Goals The primary goal of the 21/21 Plan is to expand MicroStrategy’s Bitcoin holdings from the current 252,220 BTC to 412,220 BTC. This substantial increase is…

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Filed under: News - @ November 1, 2024 5:27 am