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MicroStrategy Prepares for More Bitcoin Purchases Ahead of New Year
In a recent move, MicroStrategy has announced its readiness to acquire more Bitcoin ahead of the new year. This development comes on the heels of the company’s latest purchase of 5,200 Bitcoin units at an average price of $106,000 per unit.
The addition of this substantial amount to their existing holdings brings their total Bitcoin reserves to a staggering 444,262 BTC, valued at approximately $41.64 billion at current prices. Despite market fluctuations, MicroStrategy has shown no signs of slowing down its efforts to expand its digital asset portfolio.
The company’s commitment to purchasing Bitcoin is rooted in the “21/21” plan, which outlines a three-year strategy aimed at raising $42 billion to fund continued acquisitions. The initiative will be split into two parts: $21 billion in equity offerings and another $21 billion in fixed-income corporate securities.
In addition to its ongoing Bitcoin purchases, MicroStrategy’s CEO Michael Saylor has proposed a digital asset framework for the United States. This comprehensive plan includes the creation of a national Bitcoin reserve, which he believes could help address the growing U.S. national debt.
Furthermore, Saylor advocates for growing the digital asset market to a $10 trillion market capitalization and proposes measures for taxing digital assets such as digital tokens, commodities, and securities.
Source: www.crypto-news.net
