Popular BTC evangelist Michael Saylor's company, MicroStrategy, is preparing a new capital raise for the purchase of Bitcoin. This new collection differs from the most recent ones in the fact that it is not an issue of convertible notes.
In a recent press release, the company specified that it will issue underwritten public offerings of perpetual preferred shares. This is a completely different form than the issuance of debt. In any case, this new fundraising plan hopes to raise $2 billion for MicroStrategy.
The firm assures that this collection is added to the 21/21 plan that the company announced at the end of last year. This consists of raising $42 billion dollars over a period of three years, precisely for the acquisition of more BTC. Thus, with the addition of these preferred shares, the plan could now be made up of $44 billion.
While MicroStrategy announces the new fundraising for the additional purchase of Bitcoin, its stock market shares continue to recover. According to data from Yahoo Finance, the company's shares have experienced a rise of 13.22% in the last 24 hours. With this they are very close to reconquering the barrier of $340 dollars per share.
Since 2020, Saylor's company has maintained a recurring purchasing plan that has brought it huge unrealized profits. This purchasing strategy became more aggressive at the end of 2024. In fact, during the last 8 weeks the company made purchases of BTC.
So far, MicroStrategy has 446,400 bitcoins in its reserves, making it the largest corporate holder of this digital currency. The success of the company's so-called Bitcoin pattern reaches high levels and attracts other companies to emulate it.
The number of companies that decide to incorporate their balance sheets in this token is constantly increasing. Firms from different countries such as Japan and India, as well as American companies from different sectors not related to cryptocurrencies, are also in the Bitcoin pattern. In simple words, companies intend to replicate Michael Saylor's winning strategy.
According to this businessman, in 2025 there will be a huge jump in the price of Bitcoin and that is why the company increased the aggressiveness of its purchases. If President Trump's government fulfills its campaign promises, enormous purchasing pressure would cause a notable increase in the price of the queen cryptocurrency. Some experts predict that BTC will reach $200K per coin.
Another more daring group of experts expects the price of the cryptocurrency to exceed $500K. In any case, Bitcoin is in unknown territory, which makes making a forecast much more complex.
Source: Alejandro Gil / Cryptotrend.
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