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Michael Saylor sends strong 3-word message on assets
By: thestreet|2025/05/03 02:45:01
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MicroStrategy (Nasdaq: MSTR) has raised its capital deployment plan to $84 billion in order to add more Bitcoin to its balance sheet.The business firm made the announcement when it posted its Q1 2025 financial results on May 1.MicroStrategy's total revenue during the quarter fell to $111.1 million, suffering a loss of $4.2 billion. However, it has raised their BTC yield target to 25% and Bitcoin gain target to $15 billion.Founder and executive chairman Michael Saylor had a strong three-word message. "Always ₿e Stacking,' he wrote on X on May 2.Always ₿e Stacking— Michael Saylor (@saylor) May 2, 2025Saylor's stance isn't new, as he is a well-known Bitcoin maximalist. In fact, he predicted that the cryptocurrency will hit the price mark of $13 million in 20 years.When President Donald Trump escalated tariff hikes on Apr. 2, Saylor remarked, "There are no tariffs on Bitcoin." MicroStrategy began acquiring Bitcoin in August 2020 and has become the world's largest corporate holder of Bitcoin. It holds 553,555 BTC valued at $54 billion at the time of writing.The firm has unveiled a new "42/42 capital plan" during the earnings call. It means MicroStrategy will raise $42 billion each through common equity and fixed income instruments of capital to acquire more Bitcoin.The MSTR stock has surged more than 3,000% since acquiring Bitcoin. The stock was exchanging hands at 396.33 at press time, up 3.5% a day.As per Kraken's price feed, Bitcoin was trading at $97,441.31 at press time. The total crypto market cap stood at $3.13 trillion at the time of writing.
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