Michael Saylor’s MicroStrategy has filed to offer up to $21 billion in preferred stocks to raise funds to accumulate more Bitcoin. The offer aims to acquire BTC up to $21 billion making it the top holder of the cryptocurrency. As of 2025, MicroStrategy holds 499,096 BTC worth a staggering $41,028,755,649 ($41 billion). Another $21 in acquisition will put its worth to $62 billion if the deal goes through. Bitcoin’s price could soar if it acquires $21 billion worth of the cryptocurrency this year.
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JUST IN: Michael Saylor's 'Strategy' to raise up to $21 billion to purchase more Bitcoin.
— Watcher.Guru (@WatcherGuru) March 10, 2025
MicroStrategy expects to make the sales of perpetual strike preferred stocks in an extended period. The firm takes into account the trading price and trading volumes of the perpetual strike preferred stock at the time of sale. Saylor’s firm intends to use the net proceeds for general corporate purposes, including buying more Bitcoin.
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The sales of the perpetual strike preferred stocks will be added to the ATM Program subject to the terms and conditions of the Sales Agreement. The firm filed with the Securities and Exchange Commission (SEC) on March 10, 2025. “Strategy intends to use the net proceeds from the ATM Program for general corporate purposes, including the acquisition of bitcoin and for working capital,” read the press release.
MicroStrategy: Michael Saylor on a Massive Bitcoin Mission
Michael Saylor is on a mission to acquire the most Bitcoin and is bullish on the cryptocurrency. He has repeatedly urged traders to invest in BTC predicting it could reach $1 million and beyond. Read here to know when BTC could hit the $1 million milestone, according to Saylor.
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In a recent interview, Saylor predicted that the US economy could gain up to $100 trillion from crypto-friendly policies alone. “The government should encourage and provide support for major banks to custody, trade, and finance Bitcoin assets,” he said. Adding, “Debanking of crypto industry participants should not be tolerated.”