Bitcoin: MicroStrategy unveils $84B capital plan for more BTC buys – Details
Strategy doubles down on Bitcoin with $84B capital plan - Will it boost BTC?
- Strategy was left with $56B in capital to be raised in its $84B fund plan.
- MSTR doubled BTC gains during the Q2 2025 recovery.
Strategy (formerly MicroStrategy) has doubled its initial Bitcoin [BTC] capital acquisition plan to $84 billion, in a statement released during the Q1 2025 earnings report on the 1st of May.
In an X post, Strategy’s founder, Michael Saylor, noted that the capital will be raised through stock sales and debt.
“MSTR announces BTC Yield of 13.7% and BTC $ Gain of $5.8B year-to-date, doubles capital plan to $42B equity and $42B fixed income to purchase Bitcoin.”
Strategy’s 42/42 plan
This was a bold shift from its previous $42B capital target in its 21/21 plan. Under the new plan, the firm has $56 billion capital left to be raised.
This will be achieved via sale of stocks MSTR, STRK, STRF, and debt via convertible notes. In fact, the firm also announced a $21 billion stock sale on the 1st of May.
If the capital target is achieved and the largest portion goes to BTC buys, this could fuel the price.
As of May, Strategy’s holdings were at 553,555 BTC, the largest publicly traded company in the world to hold the digital asset.
The firm’s stash translates to 2.63% of the total 21 million BTC circulation supply.
However, analysts stated that the Strategy may not aggressively buy more BTC given the limited price swings for the MSTR per the IV (Implied Volatility).
“Interesting how subdued $MSTR implied vol remains relative to Nov melt up given streak and spot $400. At a macro level, without IV rising, harder to issue more leverage. At a micro level, also implies sticky strike dynamics.”
On the price chart, MSTR has rallied 60% from April lows of $240 to over $380. Over the same period, BTC bounced 28%, hitting $97K for the first time since February.
Like always, MSTR outperformed BTC 2x during the Q2 recovery.
