MicroStrategy Plans to Raise $84 Billion for Bitcoin Purchases
- MicroStrategy intends to raise $84 billion to buy more Bitcoin.
- The capital plan includes $42 billion in equity and $42 billion in fixed income.
- The company has achieved a Bitcoin yield of 13.7% and a gain of $5.8 billion year-to-date.
- MicroStrategy aims to increase its BTC yield target from 15% to 25% by 2025.
- The firm currently holds over 2% of Bitcoin’s circulating supply, the largest among public companies.
Michael Saylor’s MicroStrategy is set to significantly expand its Bitcoin holdings by raising $84 billion, with plans for increased yield targets and gains in the coming years. The company already possesses over 2% of the total circulating supply of Bitcoin.
Source (2.6)https://coingape.com/michael-saylors-microstrategy-to-raise-84-billion-for-bitcoin-purchases/?rand=24432