Major

Bitcoin

Impact

<p>In an announcement that shakes the crypto market, MicroStrategy, the largest publicly traded institutional holder of Bitcoin, plans a colossal fundraising of 42 billion dollars over three years to increase its already significant portfolio.</p>
<h2 id="h-une-strategie-d-investissement-sans-precedent-dans-l-histoire-des-cryptos">An Unprecedented Investment Strategy in the History of Cryptos</h2>
<p>On October 30, 2024, from the headquarters of <a href="https://www.cointribune.com/en/bitcoin-microstrategy-intensifies-its-strategy-and-raises-more-funds/" target="_blank" rel="noopener noreferrer nofollow">MicroStrategy</a> in Tyson (Virginia), Phong Le, the company’s CEO, unveiled the “Plan 21/21”, an initiative aimed at raising 42 billion dollars. The strategy breaks down into two equivalent parts: 21 billion dollars in capital increase and 21 billion in fixed-income securities.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>This <a href="https://decrypt.co/289245/microstrategy-plans-raise-42b-buy-more-bitcoin" target="_blank" rel="noopener noreferrer nofollow">announcement</a> comes as the company already holds an impressive portfolio of 252,220 Bitcoins, currently valued at 18.2 billion dollars.</p>
<p>MicroStrategy’s strategy reflects a deep conviction in the potential of Bitcoin, despite mixed financial results in the last quarter. The company indeed reported a net loss of 340 million dollars, more than double the 143.4 million losses from the previous year, with revenue down 10% to 116.1 million dollars.</p>
<p>This aggressive Bitcoin accumulation approach is definitively transforming the identity of this former software company into a true “Bitcoin treasury company”, according to its leaders.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://www.bitmart.com/register-referral/en?r=VanRSD" target="_blank" rel="noopener noreferrer nofollow">Your 1st cryptos with BitMart</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<h2 id="h-un-impact-majeur-sur-l-ecosysteme-bitcoin">A Major Impact on the Bitcoin Ecosystem</h2>
<p>The MicroStrategy initiative could have significant repercussions on the <a href="https://www.cointribune.com/en/is-bitcoin-on-its-way-to-an-ath/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin market, currently valued at 72,209 dollars</a> per unit. This massive investment strategy represents an additional validation of the queen of cryptos as an institutional store of value.</p>
<p>The company, which started its first Bitcoin purchases in 2020, has positioned itself as an alternative for institutional investors wishing to gain exposure to BTC without going through traditional exchanges or recently approved ETFs. This unique position has transformed <a href="https://www.cointribune.com/en/microstrategy-skyrockets-bitcoin-its-stock-soars-by-1208/" target="_blank" rel="noopener noreferrer nofollow">MSTR stock</a> into a proxy for Bitcoin for many traditional investors.</p>
<p>The timing of this announcement coincides with a period of rising Bitcoin, which has recorded a 9% increase over the past seven days, although MicroStrategy’s stock paradoxically fell by 4% to 247.31 dollars.</p>
<p>This MicroStrategy strategy marks a turning point in <a href="https://www.cointribune.com/bitcoin-2024-adoption-institutionnelle/" target="_blank" rel="noopener noreferrer nofollow">the institutional adoption of Bitcoin</a>. As the market digests this major announcement, all eyes are on the execution of this ambitious plan that could redefine the standards of institutional investment in Bitcoin.</p>

Bitcoin: MicroStrategy Unveils A Historic Investment Plan

Table of Contents

Cointribune EN

Other articles published on Oct 31, 2024

Altcoin Breakout Imminent? Post-Election Surge Expected

Price Recovery in Sight! This Altcoin Brings Hope to Investors with New Addresses and Rising TVL

Ethereum Co-Founder Vitalik Buterin Heaped Praise On This Altcoin!

Grass crypto surges to ATH, but a risky pattern points to a reversal

Chainlink and Major Market Players Launch AI-Powered Initiative to Tackle Unstructured Data in Fi...

Shiba Inu Price To Surge Amidst Spike in Whale Activity, SHIB Killer To Gain 50x

Join our free newsletter for daily crypto updates!