Michael Saylor and MicroStrategy are again setting the standard for other companies to follow in terms of adopting a Bitcoin Strategy. Saylor recently revealed the company’s plans to raise up to $84 billion to buy more Bitcoin.
MicroStrategy To Raise $84 Billion To Buy More BTC
In an X post, Michael Saylor announced that MicroStrategy has doubled its capital plan to $42 billion in equity and $42 billion in fixed income to purchase more Bitcoin. The company has also announced a BTC yield of 13.7% and a BTC gain of $5.8 billion year-to-date (YTD). Meanwhile, it plans to increase its BTC yield target from 15% to 25% and BTC gain target from $10 billion to $15 billion for 2025.
The company, now known as Strategy, currently holds 553,555 BTC, which it acquired at a total cost of $37.90 billion and at an average price of $68,459 per bitcoin. As Coingape reported, Strategy acquired 15,355 Bitcoin for $1.42 billion last week at an average price of $92,737 per BTC.
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Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.
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