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Michael Saylor’s Strategy to raise up to $21b to buy more Bitcoin

  • Strategy, formerly MicroStrategy, plans to raise additional capital of up to $21 billion for general corporate operations and more Bitcoin purchases.
  • The company's total Bitcoin holdings will exceed 500,000 BTC with the new capital, making it the world's largest corporate BTC company.
  • Michael Saylor's company has spent $33.1 billion so far to acquire Bitcoin, with an average purchase price of $66,357 per bitcoin.
  • News of their plan to buy more BTC had a slight positive impact on Bitcoin's price, which hovered around $83,252 at the time of writing.

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