worldcoinindex.com
MicroStrategy (NASDAQ: MSTR), the leading publicly traded Bitcoin-holding company, has announced an ambitious plan to raise $42 billion over the next three years to expand its Bitcoin reserves. This bold move is part of its "21/21 Plan," revealed Wednesday, with CEO Pong Le stating that $21 billion will be raised through equity offerings and an additional $21 billion through fixed-income securities.
Already boasting 252,220 Bitcoin—currently valued at $18.2 billion—MicroStrategy has firmly positioned itself as a "Bitcoin treasury company." The firm aims to utilize this capital to increase its Bitcoin reserves, intending to maximize $BTC yield through strategic acquisition. “We’re committed to expanding our Bitcoin holdings in a way that enhances shareholder value and offers substantial exposure to $BTC,” Le noted.
MicroStrategy’s Q3 report showed a 10% year-over-year revenue drop to $116.1 million, with a net loss of $340 million, a significant increase from last year’s Q3 loss of $143.4 million. Despite these figures, the company remains committed to its Bitcoin-centric strategy.
Based in Tyson, Virginia, MicroStrategy transitioned from a software provider to a Bitcoin investment powerhouse. The company’s stock serves as a Bitcoin proxy, attracting investors seeking $BTC exposure without directly buying cryptocurrency. The firm's first $BTC acquisition in 2020 has led to continuous accumulation, aligning with its mission to maximize shareholder returns. As of today, trades at $72,209, showing a 9% increase in the last seven days.
Despite the recent market activity, MSTR shares dropped over 4%, trading at $247.31.