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<ul class="wp-block-list">
 <li>MicroStrategy announces plan to raise $42 billion to bolster its BTC holdings over the next three years.</li>
 <li>The firm hires banks to secure the massive funding for expanded Bitcoin investments.</li>
 <li>The company’s increased Bitcoin investment sparks anticipations of a potential BTC rally.</li>
</ul>
MicroStrategy announced plans to increase its Bitcoin holdings by raising yet another $42 billion over the next three years. According to a Bloomberg report, the self-proclaimed Bitcoin development company has hired banks to secure massive funding for expanded Bitcoin investments.
In a press release, MicroStrategy outlined its plans to purchase more Bitcoins in the upcoming years. The $42 billion in funding will be split equally between equity ($21 billion) and fixed-income securities ($21 billion), allowing the company to further solidify its position as a Bitcoin Treasury Company.
<h2 class="wp-block-heading" id="h-bitcoin-buying-spree-could-boost-btc-price">Bitcoin Buying Spree Could Boost BTC Price</h2>
MicroStrategy identifies itself as a Bitcoin Treasury Company and plans to utilize a portion of the funding to expand Bitcoin reserves and maximize returns. The company currently holds 252,220 BTC, valued at around $6.85 billion. Representing 1.2% of the c…
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MicroStrategy to Invest $42B More in Bitcoin

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