MicroStrategy Unveils "21/21 Plan," Aiming to Raise $42 Billion for Bitcoin Investments Over Three YearsOn October 30th, MicroStrategy, the largest corporate holder of Bitcoin, announced a strategic plan called "21/21," aiming to raise $42 billion over the next three years, including $21 billion in equity and $21 billion in debt financing.Phong Le, MicroStrategy's President and CEO, stated: "As a Bitcoin treasury company, we plan to utilize these additional funds to acquire more Bitcoin as our financial reserve asset, allowing us to achieve higher Bitcoin returns
MicroStrategy Unveils "21/21 Plan," Aiming to Raise $42 Billion for Bitcoin Investments Over Three Years
On October 30th, MicroStrategy, the largest corporate holder of Bitcoin, announced a strategic plan called "21/21," aiming to raise $42 billion over the next three years, including $21 billion in equity and $21 billion in debt financing.
Phong Le, MicroStrategy's President and CEO, stated: "As a Bitcoin treasury company, we plan to utilize these additional funds to acquire more Bitcoin as our financial reserve asset, allowing us to achieve higher Bitcoin returns." Andrew Kang, the company's CFO, revealed that MicroStrategy increased its Bitcoin holdings by 11% this quarter, boosting its year-to-date Bitcoin return to 17.8%.
The name "21/21" is derived from Bitcoin's hard cap of 21 million coins, highlighting MicroStrategy's unwavering belief in Bitcoin as a core asset in the future financial system. The company has been a staunch advocate for Bitcoin and has made it its primary asset reserve. Since 2020, MicroStrategy has accumulated over 130,000 Bitcoin, worth more than $4 billion.
The announcement of the "21/21 plan" indicates MicroStrategy's continued commitment to Bitcoin and its proactive pursuit of new funding sources to expand its Bitcoin holdings. This move also reflects the growing interest of institutional investors in cryptocurrencies and the recognition of Bitcoin as a vital component of the future financial landscape.
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