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Michael Saylor’s MicroStrategy (MSTR) began accumulating BTC in 2020 and never looked back, transforming the get-along software company into a top-performing equity investment of the past two bull cycles in the process.
Despite reporting substantial losses every quarter in 2024, MSTR is still handily outperforming BTC, up an additional 200% on the year-to-date basis after parabolically doubling in price since September!
At MicroStrategy’s most recent earnings conference on October 30, firm executives unveiled their “21/21 Plan,” a strategic initiative to raise $42B in capital (equal to 80% of MSTR’s market capitalization at the time of analysis) from a 50/50 mix of share sales and debt issuance in what is slated to become the largest secondary share offering in U.S. stock market history.
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