1M
...
MicroStrategy’s latest announcement has stirred excitement within the crypto community. The company disclosed plans to raise $2 billion through public offerings of perpetual preferred stock, signaling a massive Bitcoin acquisition on the horizon. This move is part of their aggressive “21/21 Plan”, aiming to secure $42 billion for crypto investments over three years, reinforcing their belief in Bitcoin’s enduring value.
Michael Saylor, the pioneering force behind MicroStrategy, subtly hinted on the X platform about adding to their Bitcoin stash. With a history of purchases following such teases, industry insiders are buzzing about a potential buy as soon as tomorrow. This follows a pattern observed over the last nine weeks, where Saylor’s posts have consistently preceded significant Bitcoin acquisitions.
Looking ahead, MicroStrategy’s forthcoming shareholder meeting via webcast will focus on proposals to significantly increase authorized shares, thereby boosting the company’s capacity for further investments. Currently holding 446,400 BTC, valued at approximately $43.7 billion, the company’s proactive financial strategies affirm its leadership in the large-scale adoption of cryptocurrency.