Strategy $42B Capital Raise Plan event
Overview
On 30 October 2024, alongside its Q3 2024 results, MicroStrategy announced the '21/21 Plan': a goal of raising $42 billion of capital over three years, split evenly between $21 billion of equity and $21 billion of fixed-income securities, to buy more Bitcoin. The company held 252,220 BTC as of 30 September 2024, then the largest corporate Bitcoin holding. Management framed the plan around increasing its 'BTC Yield' metric for shareholders.
Within the DeFi Intel graph, Strategy $42B Capital Raise Plan connects to 2 tracked entities, most strongly to Michael Saylor, Strategy Inc..
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 2 of 2 total).
| Relation | Connected entity | Confidence |
|---|---|---|
launched | Michael Saylor | 95% |
launched | Strategy Inc. | 95% |
Frequently asked questions
What is the 21/21 Plan?
MicroStrategy's stated goal, announced 30 October 2024, to raise $42 billion over three years — $21 billion in equity and $21 billion in fixed income — to fund Bitcoin purchases.
How much Bitcoin did the company hold at the time?
252,220 BTC as of 30 September 2024.
What was the stated rationale?
To acquire more Bitcoin as a treasury reserve asset in a way management said would deliver higher BTC Yield for shareholders.
Sources
Facts on this page were verified against the following sources.