Bitcoin

Breaking: $42 Billion, MicroStrategy plans to go big on Bitcoin (BTC) in coming three years

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Source: Unsplash

American software company, MicroStrategy has undoubtedly become one of the most Bitcoin (BTC) bullish firms in the world. The company has announced that it is planning to raise a whopping $42 billion over the next three years solely to invest in the digital gold. In an announcement made during their Q3 financial report release, the firm said,

“announcing a strategic goal of raising $42 billion of capital over the next 3 years, comprised of $21 billion of equity and $21 billion of fixed income securities, which we refer to as our “21/21 Plan.” As a Bitcoin Treasury Company, we plan to use the additional capital to buy more bitcoin as a treasury reserve asset in a manner that will allow us to achieve higher BTC Yield”

The story is still developing…