MicroStrategy is the largest holder of Bitcoin among publicly traded companies. In fact, the company holds more than 440 BTCor around 27 billion dollars during the queen of cryptocurrencies. However, this does not seem to be enough for the company which wants to raise $2 billion to buy even more bitcoins.
- MicroStrategy has revealed plans to raise an additional $2 billion to acquire more Bitcoin, despite its already dominant position with over 145,000 BTC.
- Since 2020, the company has transformed Bitcoin into its treasury reserve, establishing itself as a major market player with significant investments in the Bitcoin ecosystem.
MicroStrategy wants to raise $2 billion
Last October, the company MicroStrategy revealed his plan 21/21. Thus, the company wishes to raise 42 billion dollars to buy more and more Bitcoin.
In fact, the company wishes to raise $21 billion in shares and $21 billion in fixed income securities.
Since the launch of this plan, the company has already raised $13.35 billion via share sales. This represents a little more than half of the goal set by the company.
However, MicroStrategy does not intend to stop there. Thus, on January 3, the company announced that it wanted to raise an additional $2 billion through the sale of preferred shares.
“MicroStrategy Incorporated announced today that it plans to raise up to $2 billion through one or more public offerings of perpetual preferred stock underwritten to support its strategic business objectives. »
At this time, the company has not revealed the target price for these shares. In addition, the offer will be subject to market conditions. Therefore, the company may decide not to proceed with this sale if the conditions are not favorable.
MicroStrategy: the largest holder of Bitcoin
Since 2020, the company MicroStrategy has made Bitcoin its cash reserve. MicroStrategy currently holds approximately 446,400 bitcoins, acquired for a total of approximately $27.9 billion, or an average price of $62,428 per bitcoin.
Beyond its direct involvement in Bitcoin, the company has also invested in the ecosystem. Thus, last November, it announced the launch of a fund $100 million dedicated to investing in Bitcoin projects.
For his part, Michael Saylor, the CEO of MicroStrategy, recently announced that he wanted to launch a physical Bitcoin ETF. As a reminder, the company had already tried its luck in 2021, without success.
