bullish

Bitcoin

Billion

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>MicroStrategy plans to raise $42 billion in the next three years to invest in Bitcoin.</li> 
 <li>The firm’s Bitcoin reserves currently exceed 150,000.</li> 
</ul> 
<p> MicroStrategy, an American software company, has gained a reputation as one of the world’s most bullish firms on <a href="https://coineagle.com/price/bitcoin/">Bitcoin (BTC)</a>.</p> 
<p>The firm recently revealed plans to raise an impressive $42 billion within the next three years. This capital will be invested solely in Bitcoin, depending on whether the company can raise the required equity and fixed income securities.</p> 
<h2 id="microstrategy-s-bitcoin-investment-plan">MicroStrategy’s Bitcoin Investment Plan</h2> 
<p>This announcement was made during the company’s Q3 financial report release. The firm stated its strategic goal of raising $42 billion of capital over the next three years. This amount will be composed of $21 billion of equity and $21 billion of fixed income securities, referred to as the “21/21 Plan”.</p> 
<p>As a Bitcoin Treasury Company, MicroStrategy plans to use this additional capital to purchase more Bitcoin as a treasury reserve asset. This strategy will enable the company to achieve a higher BTC Yield.</p> 
<p>This announcement follows shortly after the company’s stock price reached a 25-year record high of $236, with a market cap of $47 billion. Several market speculators attribute this success to BTC’s recent surge.</p> 
<h2 id="microstrategy-s-current-bitcoin-holdings">MicroStrategy’s Current Bitcoin Holdings</h2> 
<p>MicroStrategy is already one of the largest institutional investors in Bitcoin. The firm’s Bitcoin reserves currently exceed 150,000.</p> 
<p>Since mid-September, the company has not made any additional Bitcoin purchases. The last purchase consisted of an additional 7,420 BTCs for $458.2 million. Despite plans to add an additional $4 billion worth of Bitcoins to its profile, MicroStrategy’s current BTC holdings already exceed $18 billion.</p> 
<p>This news is still developing…</p>

MicroStrategy Sets Sights on $42 Billion Bitcoin Investment Over Next Three Years

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CoinEagle.com

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