MicroStrategy, which made a big splash in the market with its Bitcoin (BTC) purchases, recently announced that it will raise $42 billion in funds for new Bitcoin purchases.
Stating that he will continue to buy even if the price of Bitcoin increases, MicroStrategy founder Michael Saylor announced that they will change their strategy in the future.
Speaking to Bloomberg, Michael Saylor said the company will reexamine its capital plans once it reaches its $42 million fundraising goal.
MicroStrategy plans to focus more on fixed-income securities, such as convertible bonds, likely in the first quarter of 2025, Saylor said.
“When we announced our $42 billion plan, we had no idea what kind of response we would get. But the response has been overwhelmingly positive. So we will revisit our capital plan from period to period and implement a new plan based on market conditions at that time.
“We now want to create a smarter leveraged return system for the benefit of our shareholders, especially after Q1 2025.”
I Want to Be on Trump's Advisory Board!
Saylor has signaled that he could be on US President-elect Donald Trump’s crypto advisory council.
When asked about his relationship with the famously bullish Trump or the new administration, he replied, “I've spoken to a lot of people in the new administration, but I can't comment any further than that.”
However, when asked if he would serve on a potential crypto advisory board, Saylor said, “I am always willing to share my thoughts on constructive digital asset policy, whether privately or publicly. And if I were asked to serve on an advisory board related to digital assets, I would probably do it. Yes.”
*This is not investment advice.