MicroStrategy Doubles Its Bitcoin Purchase Plans. Why 21/21 Became 42/42.
In This Article:
MicroStrategy has strayed far from its roots as a software company in its quest to become the world’s largest corporate holder of While its ambitious new plan to fund future purchases of the cryptocurrency may raise eyebrows, analysts said the stock remains an attractive vehicle for investors looking to gain Bitcoin exposure. Strategy unveiled its so-called 42/42 Plan on Thursday’s earnings call, saying it intends to secure a total of $84 billion of capital over the next two years to support its Bitcoin treasury operations. Vitanza noted that both the price of Bitcoin and Strategy’s various securities have held up “through the pronounced capital markets volatility seen over the past three months.”