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MicroStrategy to Raise $42 Billion to Buy More Bitcoin Over the Next 3 Years

MicroStrategy to Raise $42 Billion to Buy More Bitcoin Over the Next 3 Years

Bitget2024/10/30 21:23
BTC+1.15%

MicroStrategy has announced its Q3 2024 financial results, and as of the end of Q3, the company held 252,220 BTC, with a year-to-date BTC yield of 17.8%. The company also announced a $42 billion capital plan, with the announcement stating that under the leadership of Executive Chairman Michael Saylor, the company will raise $21 billion in equity and issue $21 billion in bonds over the next three years, and use the additional capital to purchase more Bitcoin as a financial reserve asset in order to realise higher BTC returns. MicroStrategy's most recent disclosure came in mid-September, when the company announced that it had purchased 7,420 bitcoins for $458.2 million, which brought its holdings to 252,220 bitcoins.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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