MicroStrategy Plans $42B Bitcoin Buy Amid Strategic Stock Sales

MicroStrategy Plans $42B Bitcoin Buy Amid Strategic Stock Sales

MicroStrategy, led by Bitcoin evangelist Michael Saylor, announced a bold plan to further its Bitcoin acquisition strategy by raising funds through stock sales and other capital sources. CEO Phong Le shared the company’s intention to buy an estimated $42 billion worth of Bitcoin by 2027 during an Oct. 30 earnings call. The ambitious plan, dubbed “21/21,” outlines $21 billion to be raised through debt issuance and another $21 billion from equity ...

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