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The Daily Hodl 2025-01-05 19:45:36

Michael Saylor’s MicroStrategy Announces New Capital Raise Plan of up to $2,000,000,000 To Acquire More Bitcoin

Enterprise software firm MicroStrategy is announcing a $2 billion fundraising plan to purchase more Bitcoin ( BTC ). In a new company press release , MicroStrategy says it’s looking to accumulate more of the top crypto asset by market cap in 2025 to strengthen its position in the market. However, the firm says its planned capital raise slated for the first three months of the year may or may not go ahead depending on market conditions. “The purpose of the offering is to allow MicroStrategy to continue to strengthen its balance sheet and acquire more Bitcoin. The offering is expected to occur, if at all, in the first quarter of 2025. However, the decision whether to proceed with and consummate the Offering is in MicroStrategy’s sole discretion and is subject to market and other conditions. MicroStrategy may choose not to proceed with or consummate the offering at all.” Recently, it was reported that MicroStrategy, exchange-traded funds (ETFs) and governments own nearly 31% of all BTC. In late December, MicroStrategy added 2,138 BTC worth about $209 million at the time to its trove of tokens. MicroStrategy is the largest corporate owner of BTC, holding 446,400 Bitcoin worth $43.796 billion. Bitcoin is trading for $98,553 at time of writing, a fractional decrease during the last 24 hours. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/U2M Brand/Panuwatccn The post Michael Saylor’s MicroStrategy Announces New Capital Raise Plan of up to $2,000,000,000 To Acquire More Bitcoin appeared first on The Daily Hodl .

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