MichaelSaylor Announces Ambitious Bitcoin Buying Agenda Worth $84 Billion
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MicroStrategy's Bitcoin Purchase Plan
MicroStrategy's fearless leader, Michael Saylor, spills the beans on the company's fresh Bitcoin buying plan, valuing a whopping $84 billion! Originally hatching a $42 billion initiative, Saylor doubles down, aiming to accumulate even more of the digital gold.
"MSTR's BTC Yield at 13.7% and a $5.8 billion year-to-date gain, they up the capital stash plan to $42 billion equity and $42 billion fixed income to snatch up Bitcoin. Wanting to boost the Yield target from 15% to 25% and dollar gain target from $10 billion to $15 billion by 2025."
The firm's Q1 Earnings Presentation elucidates their "42/42" plan, detailing their BTC acquisition scheme. Already hoarding 553,555 BTC, valued at a cool $53 billion, they're making waves by holding over 2.6% of the total BTC supply [1].
Just last month, they snagged billions of dollars worth of BTC in three sprees, the grandest being the April 28th stroke of genius that landed them $1.42 billion in Bitcoin [2].
MicroStrategy's unyielding pursuit of Bitcoin has stirred up a myriad of reactions, with some questioning the wisdom of such concentration in one asset. The seasoned crypto trader, The Flow Horse, openly admits to disliking the plan [1].
Bitcoin trades at $96,179 as of writing, taking a slight dip of 1.3% in the last 24 hours [1].
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Sources
[1] CoinMarketCap[2] MicroStrategy Investor Relations[3] The Daily Hodl (various articles)[4] Finance Magnates[5] MarketScreener
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- Michael Saylor, the fearless leader of MicroStrategy, revealed his plan to invest more in Ethereum, along with other altcoins, aiming to increase their total investment in cryptocurrency beyond the initial $42 billion.
- Cryptocurrency enthusiasts may be interested to know that organizations like MicroStrategy are not only investing in Bitcoin, but also showing interest in other coins like Ethereum and altcoins.
- As part of MicroStrategy's expanded investment plan, they are considering fixed income financing to acquire more Ethereum and other altcoins, in addition to their existing Bitcoin holdings.
- With stories about companies like MicroStrategy investing billions in cryptocurrency making headlines, it's clear that cryptocurrency, including Ethereum and altcoins, is becoming a more significant part of finance and investing.
- The rising interest and investments in cryptocurrency, such as Ethereum and altcoins, by firms like MicroStrategy, could potentially lead to a greater integration of blockchain technology in various sectors, including finance and investing.
