MicroStrategy's official financial statements and press releases

MicroStrategy Unveils $42B '21/21 Plan' to Buy Bitcoin: $21B Equity, $21B Debt Over Three Years

Oct 30, 2024, 08:57 PM

MicroStrategy has announced an ambitious '21/21 Plan' to raise $42 billion over the next three years to purchase additional Bitcoin. The company intends to raise $21 billion through equity offerings and another $21 billion via fixed-income securities. The capital raise is planned as $10 billion in 2025 ($5 billion equity, $5 billion fixed income), $14 billion in 2026 ($7 billion equity, $7 billion fixed income), and $18 billion in 2027 ($9 billion equity, $9 billion fixed income). This massive capital raise aims to significantly expand MicroStrategy's Bitcoin holdings, which currently stand at 252,220 Bitcoins valued at approximately $16 billion, with a Bitcoin yield of 17.8% year-to-date. MicroStrategy has revised its long-term target to achieve an annual Bitcoin yield of 6% to 10% between 2025 and 2027. Executive Chairman Michael Saylor stated that the company plans to use the additional capital to buy more Bitcoin as a treasury reserve asset.