23,000 Extra Bitcoins! Microstrategy Uunveils Its New Purchase Plan

MicroStrategy has just announced that it has completed a private financing round of $500 million. This operation aimed at institutions will enable the issue of securities with an annual return of 6.125%. The amount raised will be used exclusively for the purchase of bitcoins in order to strengthen MicroStrategy’s position as the king of cryptocurrency assets.

Microstrategy And Bitcoin, The Love Story Continues

While the crypto market is shaken up, Bitcoin has lost more than 65% since its last ATH and it has itself now been implicated recently by American tax justice, Michael Saylor does not deviate from a satoshi of his (micro)-strategy: to accumulate ever more bitcoins.

And even if the interested party is no longer the CEO of the company he founded in the early 80s, this does not prevent him from continuing to decline his initial plan. An entire plan structured around a simple methodology: transform as much fiat money as possible (which he loathes) into its equivalent in bitcoins, whatever the price. If there were to be a deity of DCA ( Dollar Cost Averaging, a strategy for accumulating long-term financial assets), his features would probably be inspired by the whimsical billionaire.

New demonstration with, a few hours ago, the distribution of a press release from MicroStrategy. The company announces the finalization of a raising of 500 million dollars within the framework of a private issue of financial securities intended for institutional investors. These securities, with a reported return of 6.125%, will be backed by future purchases in bitcoins, for a sum of around 488 million dollars.

Thus – at the current price of around $21,300 – nearly 23,000 bitcoins are about to join MicroStrategy’s war chest, currently amounting to just over 92,000 BTC.

1, 10, or 1000 bitcoins? Whatever your means and abilities, nothing prevents you from drawing inspiration from Michael Saylor’s strategy to accumulate bitcoins regularly, at your own pace.