Michael Saylor eyes $42b Bitcoin buy via MSTR sales

Michael Saylor’s software giant MicroStrategy plans to fund its ongoing Bitcoin acquisition strategy through new share sales and capital raises.

Phong Le, CEO of MicroStrategy, announced during the earnings call on October 30 that MicroStrategy plans to purchase $42 billion worth of Bitcoin (BTC) by 2027. The firm said it plans to issue more securities to support cash flow from its software business and “grow our Bitcoin capital markets initiatives.”

Le called the plan “21/21,” under which MicroStrategy aims to raise $21 billion from debt and another $21 billion from stock offerings.

Rising BTC prices supported MicroStrategy and MSTR shares, allowing the software maker to inject more money to buy more Bitcoin. MicroStrategy is the largest known institutional holder of Bitcoin, holding over $18 billion of Bitcoin on its balance sheet.

During the earnings call, Saylor outlined an expanded acquisition roadmap that includes promoting Bitcoin as a treasury reserve asset.

We will promote global adoption of BTC as a treasury reserve asset. Introduce it to countries, cities, states, and companies, both public and private.

Michael Saylor, founder of MicroStrategy

BTC advocate is not alone in his crypto treasure thesis. Presidential candidate Donald Trump also said that he would turn America’s $12 billion BTC treasury into a national strategic reserve.

MicroStrategy and Saylor’s Bitcoin holdings gained in value as Bitcoin rose to all-time highs. This week, Bitcoin surpassed $73,000 before a 4% market correction softened gains and was trading around $70,000 at the time of writing.

While Saylor’s Bitcoin maximalism has fueled a steady buying program, some have questioned his long-term plans for these assets. Saylor stated that he will never sell and plans to return his BTC assets to civilization when he is gone.