MicroStrategy, a Bitcoin treasury company, aims to raise $42 billion over three years to purchase more BTC as a reserve asset, achieving higher yields.
Led by Executive Chairman Michael Saylor, the ambitious '21/21 Plan' involves $21 billion in equity and $21 billion in debt offerings to increase Bitcoin holdings.
We plan to use the additional capital to buy more bitcoin as a treasury reserve asset in a manner that will allow us to achieve higher BTC Yield.
As of mid-September, MicroStrategy acquired 252,220 BTC for $9.9 billion, with recent valuations showing their holdings worth over $18 billion.
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