Enterprise software firm MicroStrategy is announcing a $2 billion fundraising plan to purchase more Bitcoin (BTC).
In a new company press release, MicroStrategy says it’s looking to accumulate more of the top crypto asset by market cap in 2025 to strengthen its position in the market.
However, the firm says its planned capital raise slated for the first three months of the year may or may not go ahead depending on market conditions.
“The purpose of the offering is to allow MicroStrategy to continue to strengthen its balance sheet and acquire more Bitcoin. The offering is expected to occur, if at all, in the first quarter of 2025.
However, the decision whether to proceed with and consummate the Offering is in MicroStrategy’s sole discretion and is subject to market and other conditions. MicroStrategy may choose not to proceed with or consummate the offering at all.”
Recently, it was reported that MicroStrategy, exchange-traded funds (ETFs) and governments own nearly 31% of all BTC.
In late December, MicroStrategy added 2,138 BTC worth about $209 million at the time to its trove of tokens.
MicroStrategy is the largest corporate owner of BTC, holding 446,400 Bitcoin worth $43.796 billion.
Bitcoin is trading for $98,553 at time of writing, a fractional decrease during the last 24 hours.
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