JAKARTA - MicroStrategy, an intelligence software company for businesses, announced its ambitious plans to raise $2 billion in funds in early 2025. The funds will be used to buy Bitcoin.

In a recent press release, MicroStrategy said that the fundraising is scheduled to take place in the first quarter of 2025. However, the company, known as the largest Bitcoin holder in the world, also states that the implementation of this plan depends on market conditions and can be completely canceled.

"The purpose of this offer is to continue to strengthen the company's balance sheet and acquire more Bitcoin," the company said, quoted by DailyHodl, Monday, January 6, 2025.

Currently, the company owned by Michael Saylor holds 446,400 BTC which is worth around US$43.796 billion (Rp709.5 trillion) based on current market prices. Bitcoin is currently trading in the range of US$98,553 (Rp1.6 billion) per token, its price has fallen slightly in the last 24 hours.

Previously, at the end of December 2024, MicroStrategy had purchased 2,138 BTC to increase the company's strategic reserves. This amount is worth around US$209 million (Rp3.38 trillion) at the time of purchase.

This massive purchase effort makes MicroStrategy the largest Bitcoin holder in the corporate sector. In addition, the latest report states that MicroStrategy and Exchange Trade Funds (ETF) products as well as the government in total combined hold nearly 31% of all outstanding Bitcoins.


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