Accurate strategy It has shocked the cryptocurrency community with its latest plans to 4X its Bitcoin holding with an impressive $42 billion capital plan. MicroStrategy is known for its consistent Bitcoin accumulation strategy BTC was constantly boughtstrengthening its position as the largest cryptocurrency holder in the world. If the company can increase its BTC stash By 4X, MicroStrategy will own over 1 million BTC, representing approximately 4.76% of the total BTC supply of 21 million BTC.
Plan 21/21: MicroStrategy’s $42 Billion Bitcoin Strategy
On October 30, Michael SaylorThe founder and CEO of MicroStrategy, the world’s leading business intelligence company, has unveiled a breakthrough new capital strategy that could transform and elevate its role in the digital asset market. In X (formerly Twitter) mailSaylor announced that a new capital strategy called the “21/21 Plan” will target $42 billion in capital over the next three years to support its Bitcoin. Acquisition targets.
In official Blog postMicroStrategy revealed that its $42 billion capital plan will be split evenly between at-the-market (ATM) equity offerings and fixed-income securities. This significant consolidation of capital will be used to fund future Bitcoin purchases, the company aims Increase your Bitcoin cache Boosting BTC returns to a new target of 6-10% per year from 2025 until 2027.
According to MicroStrategy, BTC yield is a key metric the company uses to evaluate the performance of its Bitcoin acquisition strategy in a way that benefits shareholders.
Talking about the new BTC Accumulation planMicroStrategy’s President and CEO, Phuong Lo, revealed that the company’s primary focus is to increase the value generated for shareholders by leveraging the digital transformation of capital. He revealed that the 21/21 plan reflects MicroStrategy’s dedication to Bitcoin as a treasury reserve asset It underscores the company’s goal of using capitalist intelligence for return arguments.
MicroStrategy reports on Bitcoin returns for the third quarter of 2024
In line with its strategy The master plan for acquiring BitcoinMicroStrategy revealed significant milestones in Q3 2024 from its previous BTC purchases. The company reported raising an impressive $2.1 billion in equity and debt, expanding its Bitcoin holdings by 11% and resulting in a BTC return of 5.1%.
Year to date (YTD), MicroStrategy’s Bitcoin Return A staggering 17.8%. Furthermore, the BI company significantly reduced its total annual interest expense by $24 million, highlighting its commitment to sustainable growth while maintaining financial efficiency.
As of September 20, 2024, MicroStrategy’s total Bitcoin holdings are estimated At a price of 252,220 Bitcoin. This massive Bitcoin stock is worth over $18.2 billion, with an average price of $39,292. At Saylor’s direction, the business intelligence company began accumulating bitcoins in August 2020, making headlines with each one. Huge purchase of Bitcoin This increased its already large holdings.
Featured image created with Dall.E, chart from Tradingview.com
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