Michael Saylor's enterprise software company is heavily investing in Bitcoin, having acquired $10.7 million in additional Bitcoin recently. Aiming to raise up to $42 billion through preferred stock and fixed-income securities, the company has been a strong advocate for cryptocurrency, confidently projecting its acceptance among financial institutions. Since 2020, when it began hedging against inflation with Bitcoin investments, the company's stock has surged approximately 2,300%. Saylor's bullish outlook reflects a broader trend of increasing institutional interest in Bitcoin.
Michael Saylor's company has purchased substantial Bitcoin, recently adding $10.7 million to its holdings, while planning a $21 billion stock issuance to fund future purchases.
The company's strategy involves raising $42 billion by 2027 through security sales to increase Bitcoin holdings, with confidence in Wall Street and banks' openness to cryptocurrency.
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