MicroStrategy Doubles Down: Announces $84B War Chest for Bitcoin Buying Spree

Michael Saylor’s crypto-obsessed software firm just reloaded its ammunition—with a staggering $84 billion capital allocation plan to keep hoarding BTC. Because apparently, ’HODL’ wasn’t aggressive enough.

The move comes as Wall Street analysts whisper about ’corporate FOMO’—while quietly updating their own balance sheets to include crypto exposure. Nothing like a little peer pressure in the digital gold rush.

One hedge fund manager quipped: ’At this point, MicroStrategy’s earnings calls are just Bitcoin fanfiction with GAAP compliance.’ The market yawned... then bought the dip.

Strategy’s 42/42 plan

This was a bold shift from its previous $42B capital target in its 21/21 plan. Under the new plan, the firm has $56 billion capital left to be raised.

Source: Strategy

This will be achieved via sale of stocks MSTR, STRK, STRF, and debt via convertible notes. In fact, the firm also announced a $21 billion stock sale on the 1st of May. 

Source: Strategy

If the capital target is achieved and the largest portion goes to BTC buys, this could fuel the price.

As of May, Strategy’s holdings were at 553,555 BTC, the largest publicly traded company in the world to hold the digital asset. 

The firm’s stash translates to 2.63% of the total 21 million BTC circulation supply.

However, analysts stated that the Strategy may not aggressively buy more BTC given the limited price swings for the MSTR per the IV (Implied Volatility). 

“Interesting how subdued $MSTR implied vol remains relative to Nov melt up given streak and spot $400. At a macro level, without IV rising, harder to issue more leverage. At a micro level, also implies sticky strike dynamics.”

Source: X

On the price chart, MSTR has rallied 60% from April lows of $240 to over $380. Over the same period, BTC bounced 28%, hitting $97K for the first time since February.

Like always, MSTR outperformed BTC 2x during the Q2 recovery.