Michael Saylor plans to raise $21 billion to buy more Bitcoin, already holding 499,096 BTC.

From Cointelegraph
March 10, 2025 08:30 AM:

Michael Saylor’s Strategy, the largest public corporate Bitcoin holder, plans to raise $21 billion for more BTC. A new sales agreement allows the firm to issue shares of its 8% Series A perpetual strike preferred stock. Strategy aims to sell shares in a disciplined manner for general corporate purposes, including Bitcoin acquisitions.

Strategy currently holds 499,096 BTC worth $41.2 billion, acquired for $33.1 billion at an average price of $66,423 per BTC. The company previously disclosed plans to raise $21 billion in equity and $21 billion in fixed-income securities over the next three years to accumulate more Bitcoin under its “21/21 plan.”

The firm intends to use the net proceeds from the ATM Program for general corporate purposes, including Bitcoin acquisitions and working capital. This news is developing, and more information will be added as it becomes available.

Read more at Cointelegraph: Michael Saylor’s Strategy to raise up to $21B to purchase more Bitcoin