Breaking news: MicroStrategy releases earnings report, plans to raise $42 billion to purchase Bitcoin
In a recent update, MicroStrategy has announced its intention to acquire BTC by raising $42 billion over the next three years. The specifics of this development were outlined in an official press release:
“Today, we are unveiling our strategic objective to secure $42 billion in capital within the next three years, with $21 billion in equity and $21 billion in fixed income securities, known as our ’21/21 Plan.’
As a Bitcoin Treasury Company, we aim to utilize this additional capital to acquire more Bitcoin as a treasury reserve asset, enabling us to generate higher BTC yields.”
*Please note that this is not investment advice.
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