Michael Saylor Stays Bullish, Announces $21B Stock Sale for Bitcoin Expansion

Michael Saylor, Chairman of Strategy Executive, has revealed a significant plan to increase the company’s Bitcoin (BTC) holdings. Michael Saylor confirmed that Strategy, formerly known as MicroStrategy, will issue $21 billion in preferred STRK stock in order to purchase more Bitcoin in a recent post on X.

The statement coincides with larger stock market losses and a 17% price drop for Bitcoin over the previous month. Strategy is steadfast in its resolve to grow its Bitcoin holdings in spite of market volatility, solidifying its standing as the biggest publicly traded company owner of BTC. At the moment, the corporation has 499,096 Bitcoin, which is worth about $41.2 billion.

Raising Capital Without a Repayment Deadline

As part of its “21/21 plan,” Strategy will issue 8% Series A Perpetual Strike Preferred Stock to generate funds for Bitcoin purchases and general corporate purposes. The perpetual nature of the stock means it has no maturity date, allowing Strategy to raise capital without a fixed repayment schedule.

Saylor has long advocated for Bitcoin’s strategic importance. Speaking at the Conservative Political Action Conference (CPAC), he described BTC as a vital digital asset for the U.S. economy.

“Right now you can literally buy it for a song and dance. That’s the opportunity,” Saylor said. “The risk is that you wouldn’t want the Saudis to buy it first, or the Russians or the Chinese or the Europeans. And there’s only room for one nation-state to buy up 20% of the network, and obviously, I think it should be the United States. I think it will be the United States. It’s a way for us to enrich ourselves and emerge as a creditor nation in a matter of a decade. It’s also a way for us to ensure that we’re the economic leaders in cyberspace.”

Strategy’s latest move highlights its ongoing belief in Bitcoin as a long-term asset, even amid market downturns. Investors and industry watchers will be closely monitoring how the stock sale impacts the company’s financial strategy moving forward.

For more details, read Strategy’s U.S. Securities and Exchange Commission (SEC) filing.