MicroStrategy is making a huge bet on Bitcoin! They’re planning to spend a whopping $42 billion over the next three years to buy even more Bitcoin. This could make them own over 1 million Bitcoin, which would be almost 5% of all the Bitcoin in the world!
The 21/21 Plan: Doubling Down on Bitcoin
MicroStrategy calls this plan “21/21” and they’re going to use a mix of selling stock and borrowing money to get the cash. They’re aiming for a Bitcoin yield of 6-10% per year, which means they want to make a lot of money from their Bitcoin investments.
MicroStrategy’s Bitcoin Success So Far
MicroStrategy has already been buying Bitcoin for a while and they’ve been doing pretty well. They’ve bought over 250,000 Bitcoin, which is worth over $18 billion. They even managed to increase their Bitcoin holdings by 11% in the last quarter and made a 5.1% return on their Bitcoin investments.
MicroStrategy’s Focus: Shareholder Value
MicroStrategy’s CEO, Phong Le, says they’re focused on making money for their shareholders. They believe Bitcoin is a good investment and they’re using their expertise to make the most of it.
This big plan is a sign that MicroStrategy is really committed to Bitcoin. It’s going to be interesting to see how it all plays out!
