Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), announced plans to raise $84 billion to acquire more Bitcoin, doubling the company's previous "21/21 Plan" of raising $42 billion ($21 billion in equity and $21 billion in fixed-income securities) by 2027. The updated plan, announced on May 1, 2025, aims to raise $42 billion in equity and $42 billion in fixed income to fund Bitcoin purchases, targeting a Bitcoin yield of 25% and a $15 billion gain in 2025. At Bitcoin's price of approximately $96,000-$97,000 per coin in early May 2025, this could enable Strategy to acquire around 866,000–875,000 BTC, equivalent to roughly 4.12% of Bitcoin’s total 21 million coin supply.
As of May 1, 2025, Strategy holds 553,555 BTC, acquired for $37.9 billion at an average price of $68,459 per coin, making it the largest corporate Bitcoin holder, surpassed only by BlackRock’s 570,000–607,000 BTC in assets under management. The company has already raised $6.6 billion through Class A common stock sales as part of a $21 billion at-the-market (ATM) equity offering. Strategy’s aggressive Bitcoin accumulation, funded through stock offerings (MSTR, STRK, STRF) and convertible notes, has driven a 13.7% Bitcoin yield and $5.8 billion in gains year-to-date in 2025.
The announcement triggered a 2.5% Bitcoin price surge to $99,425 within hours on May 2, 2025, with an 18% increase in trading volume on Binance, reflecting heightened market interest. However, some critics warn that Strategy’s debt-fueled strategy could pose financial risks if Bitcoin enters a prolonged bear market, and the high concentration of BTC in one entity increases systemic risks. Others argue it exacerbates Bitcoin scarcity, potentially driving prices higher as institutional adoption grows. For instance, Japanese firm Metaplanet, inspired by Strategy, has acquired over 5,000 BTC.
Saylor’s moves align with his advocacy for Bitcoin as a store of value and his push for a U.S. Strategic Bitcoin Reserve, proposing the government acquire 5–25% of Bitcoin’s supply by 2035. While no official SEC filings confirm the full $84 billion raise as of May 4, 2025, the plan underscores Strategy’s commitment to Bitcoin, potentially reshaping market dynamics and institutional adoption. Traders should monitor Strategy’s fundraising and Bitcoin’s price action, as large purchases historically influence volatility and support levels.