Breaking: MicroStrategy Announces Plan To Raise $42B To Buy More Bitcoin

MicroStrategy has announced its plans to raise more capital to purchase more Bitcoin over the next three years and boost its Bitcoin strategy. This comes as the company’s co-founder Michael Saylor agreed with Donald Trump’s statement that Bitcoin is money and shouldn’t be subject to capital gains tax.
MicroStrategy To Raise $42 Billion To Buy More Bitcoin
The software company announced following its earnings call the strategic goal of raising $42 billion of capital over the next three years to buy more Bitcoin. This funds will comprise of $21 billion of equity and $21 billion of fixed income securities.
MicroStrategyreferred itself to as ‘Bitcoin Treasury Company’ while revealing that some of this capital will be used to buy more BTC as a treasury reserve asset in a manner that will allow them to achieve higher Bitcoin yield.
This plan is undoubtedly a huge boost for the Bitcoin price considering that the amount of buying pressure it could enjoy from these BTC purchases by the software company.
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