Former chief executive and founder of MicroStrategy (formerly Strategy) reveals a new Bitcoin (BTC), worth billions, purchase plan.
Michael Saylor, in a recent thread on social media platform X says that the company has increased the amount of capital they want to raise for the acquisition of the digital flagship asset to $84 Billion from the original $42 Billion.
Strategy explains its plan of “42/42”, which is to purchase BTC indefinitely.
Currently, Strategy holds 553,555 BTC worth $53 billion, or over 2.6% of the overall BTC supply, according to data from BitcoinTreasuries.net.
The firm announced last month that they had purchased billions in BTC at three different times, with the largest purchase being $1.42 Billion on the 28th of April.
The aggressive Bitcoin acquisition strategy of Strategy is starting to get mixed reactions.
The Flow Horse, a veteran pseudonymous cryptocurrency trader on social media platform X, tells 267.600 of his followers that he doesn’t like Strategy’s plans.
Not a fan [to be honest].” I’m not a big fan of Bitcoin [to be honest ].”
Bitcoin currently trades for $96,179, which is a decrease of 1.3% over the past 24 hours.
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Sources of Images include Pixabay Creative Commons & Midjourney
The post Michael Saylor Unveils $84,000,000,000 BTC Buying Plan (BTC) may change as new information becomes available.
