PANews reported on December 19 that according to Bloomberg, MicroStrategy co-founder and chairman Michael Saylor said that the company plans to use more fixed-income securities as a source of capital to purchase Bitcoin after the existing fundraising plan is completed. Saylor said in an interview that he hopes to build a smarter leverage structure for common shareholders. The company has currently raised funds by issuing convertible bonds and stocks.
MicroStrategy has raised $6.2 billion through current plans so far, part of which has been used to buy Bitcoin. The company has announced major Bitcoin purchases every Monday for the past six weeks, totaling $4.2 billion, while driving its stock price up about 500% this year, far exceeding Bitcoin's 150% increase.
With a market value exceeding $90 billion, MicroStrategy is about to be included in the Nasdaq 100 Index, and is expected to attract more than $2 billion in index fund purchases. Saylor said the company plans to further utilize fixed-income instruments in the first quarter of 2025 and will re-formulate its capital plan when market conditions permit. He also said that if invited, he is willing to serve as an advisor to the digital asset advisory committee that President-elect Trump may establish.
