MicroStrategy is buying additional $42 billion worth of BTC
MicroStrategy announced its plans to buy more Bitcoin: $42 billion worth of BTC.
Why does it matter to us? After the purchase, over 3% of the Bitcoin supply will be held by a single company. Other companies are also adding BTC to their balance sheet. Countries are also doing it. BUT Bitcoin is scarce.
Why does it matter to us? After the purchase, over 3% of the Bitcoin supply will be held by a single company. Other companies are also adding BTC to their balance sheet. Countries are also doing it. BUT Bitcoin is scarce.
- So far, in total,
MSTR has invested 9.9B into Bitcoin; this investment will be more than 4x that figure. - MicroStrategy is currently valued at 50.11B, which means that BTC has been playing an important role in increasing shareholder value.
- Michael Saylor announced "raising $42 billion of capital over the next 3 years, comprised of $21 billion of equity and $21 billion of fixed income securities".
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