MicroStrategy to raise $42B to buy Bitcoin in ‘21/21 plan’
Crypto commentators are “bullish” on MicroStrategy’s plan, predicting it will propel the company ahead of not just other public firms but countries too.
Michael Saylor’s MicroStrategy is gearing up to raise $42 billion over the next three years to accumulate more Bitcoin, the firm has revealed.
The plan, dubbed the “21/21 plan,” will consist of $21 billion in equity and $21 billion in fixed-income securities over the next three years, according to a statement from MicroStrategy on Oct. 30.
At the time of publication, $42 billion in Bitcoin (BTC) is equivalent to approximately 578,586 BTC, accounting for around 2.7% of the total Bitcoin supply.
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Author: Ciaran Lyons
