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<p class="is-style-lead">Michael Saylor’s software giant, MicroStrategy, plans to finance its continued Bitcoin acquisition strategy through new stock sales and capital raises.</p>
<p>MicroStrategy intends to buy $42 billion worth of Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">BTC</a>) by 2027, the firm’s CEO Phong Le <a href="https://www.youtube.com/watch?v=MatZvnd7w_g&amp;ab_channel=MSTRDaily" target="_blank" rel="noopener noreferrer nofollow">revealed</a> revealed during its Oct. 30 earnings call. The firm noted plans to issue more securities to support cash flow from its software business and “scale up our Bitcoin capital markets initiatives.”</p>
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 <div class="wp-block-embed__wrapper"><iframe title="MASSIVE $42 Billion Capital Raise | Q3 2024 Earnings Call (Supercut)" width="1020" height="574" src="https://www.youtube.com/embed/MatZvnd7w_g?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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<p>Le referred to the plan as “21/21,” as MicroStrategy aims to raise $21 billion from debt and $21 billion from equity offerings.</p>
<p>Rising BTC prices have bolstered MicroStrategy and its MSTR stock, allowing the software maker to inject more money into <a href="https://crypto.news/microstrategy-buys-bitcoin-worth-458m-total-holdings-hit-252220-btc/" target="_blank" rel="noopener noreferrer nofollow">purchasing</a> more Bitcoin. MicroStrategy is the largest known corporate Bitcoin holder, with over $18 billion in Bitcoin on its balance sheet.</p>
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   <p lang="en" dir="ltr">Thank You, Satoshi. <a rel="noopener noreferrer nofollow" href="https://t.co/LGH575CXVT" target="_blank">pic.twitter.com/LGH575CXVT</a></p>— Michael Saylor⚡️ (@saylor) <a href="https://twitter.com/saylor/status/1851959963905568948?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 31, 2024</a>
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<p>You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/bitcoin-bullish-sentiment-is-loud-and-clear-analyst-says/"> Bitcoin bullish sentiment is ‘loud and clear’, analyst says </a></p>
<p>At the earnings call, Saylor outlined an expanded buying roadmap, which includes promoting Bitcoin as a treasury reserve asset.</p>
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 <p>We’re going to promote global adoption of BTC as a treasury reserve asset. Promote it to countries, cities, states, and companies, both public and private.</p>
 <p>Michael Saylor, MicroStrategy founder</p>
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<p>The BTC evangelist does not stand alone in his crypto treasury thesis. Presidential candidate Donald Trump also said he would turn America’s $12 billion BTC trove into a national strategic reserve.</p>
<p>MicroStrategy and Saylor’s Bitcoin holdings increased in value as Bitcoin surged to all-time highs. This week, Bitcoin crossed $73,000 before a 4% market correction tempered gains, trading around $70,000 at the time of writing.</p>
<p>With Saylor’s Bitcoin maximalism fueling a continuous buying program, some have questioned his long-term plans for these holdings. Saylor has stated he will never sell and intends to <a href="https://crypto.news/microstrategy-founder-michael-saylor-says-he-will-return-his-bitcoin-trove-to-the-civilization-after-hes-gone/" target="_blank" rel="noopener noreferrer nofollow">return</a> his BTC holdings to civilization when he’s gone.</p>
<p>Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/coinbases-l2-base-welcomes-franklin-templetons-tokenized-fund/"> Coinbase’s L2 Base welcomes Franklin Templeton’s tokenized fund </a></p>

Michael Saylor eyes $42b Bitcoin buy via MSTR sales

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