MicroStrategy’s Bitcoin Stock Reaches 446,400 – $42 Billion Plan Raises Eyebrows

The precise strategyNasdaq:MSTR) It just came back again. The Bitcoin-obsessed company added another 2,138 BTC (Bitcoin-dollar) returned to her stash this week, cashing out $209 million, bringing her total holdings to 446,400 Bitcoin. This isn’t just another purchase; that it The eighth week in a row Of Bitcoin acquisitions. The latest purchase was funded through a massive market share (ATM) sale program valued at $6.88 billion, at an average price of $97,837 per bitcoin, bringing the company’s overall average to $62,428. CEO Michael Saylor dropped a mysterious teaser for X, keeping his followers and the market in a state of excitement.

Here’s the kicker: MicroStrategy doesn’t stop. The ambitious 21/21 plan lays out a strategy to pump another $42 billion into Bitcoin over the next three years. how? By dividing the funds between sales of stocks and fixed income securities. December has already been a busy month, with over 42,000 bitcoins added to their wallet, worth over $4 billion. Long term goal? To generate a healthy 6-10% annual return on its Bitcoin assets starting in 2025. With 446,400 BTC currently on the books, MicroStrategy is clearly playing a long game, betting big on Bitcoin as the future of finance.

But not everything is related to the moon. MicroStrategy shares are down more than 40% from their record highs, despite the company recently joining the Nasdaq 100. Investors are watching closely as MicroStrategy seeks shareholder approval to expand its stock issuance, which is crucial to funding this Bitcoin binge. With skeptics questioning the risks of this strategy and believers eyeing the potential rewards, one thing is certain: MicroStrategy isn’t slowing down, and the market is taking notice.

This article first appeared on Gorovox.