MicroStrategy's Bitcoin Holdings Reach $24 Billion with 27,200 BTC; Saylor Plans $42 Billion Raise Before 2-3 Years

Nov 14, 2024, 10:39 PM

MicroStrategy's Bitcoin holdings have reached $24 billion following the acquisition of 27,200 BTC, solidifying its status as the largest corporate Bitcoin holder. Led by CEO Michael Saylor, the company has financed these purchases through stock sales. In a recent interview with CNBC, Saylor indicated that MicroStrategy may raise $42 billion to acquire additional Bitcoin 'much sooner' than the previously anticipated timeline of 2-3 years. This potential capital raise marks a significant shift in the company's strategy towards expanding its cryptocurrency investments.