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MicroStrategy’s CEO Michael Saylor has announced that the company is planning to raise a massive $2 billion in capital to buy more Bitcoin in the first quarter of 2025.
In an interview, Saylor stated that he believes Bitcoin will be a major beneficiary of this new market environment. He emphasized that MicroStrategy has always been committed to investing in the best asset class possible, and with their recent profits from the sale of certain assets, they have decided to put it all back into Bitcoin.
The company’s decision comes at a time when many experts are warning about an impending market crash. Saylor, however, remains optimistic about the future of Bitcoin, saying that he doesn’t believe such a crash is going to happen. He emphasized that MicroStrategy has been in this game for years and they know what they’re doing.
As a result, Saylor believes that the company’s $2 billion capital raise will be well utilized by buying more Bitcoin at a discounted price.
Source: u.today
