Strategy Discloses $42 Billion Fundraising Plan

MicroStrategy, headed by Michael Saylor, plans to raise $42 billion to buy more Bitcoin, aiming to hit 1 million coins by 2026. The company’s recent filing shows it now holds 762,099 BTC worth nearly $57.7 billion. CEO Phong Le notes the 21+21 split mirrors Bitcoin’s 21 million supply cap.

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1D chart indicates BTC consolidating at $70,000 after failed resistance attempts.