MicroStrategy Doubles Down on Bitcoin [BTC] Capital Acquisition Plan to $84 billion

Strategy has doubled its initial Bitcoin [BTC] capital acquisition plan to $84 billion. The firm announced this in its Q1 2025 earnings report.

Strategy doubles BTC capital plan to $84 billion

Announcing the plan in an X post, Strategy’s founder, Michael Saylor, also noted that the capital will be raised through stock sales and debt.

This was a bold shift from its previous $42B capital target in its 21/21 plan. The company has $56 billion capital left to be raised.

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.

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.

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.”

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.

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Strategy has doubled its initial Bitcoin [BTC] capital acquisition plan to $84 billion. The firm announced this in its Q1 2025 earnings report.

Strategy doubles BTC capital plan to $84 billion

Announcing the plan in an X post, Strategy’s founder, Michael Saylor, also noted that the capital will be raised through stock sales and debt.

This was a bold shift from its previous $42B capital target in its 21/21 plan. The company has $56 billion capital left to be raised.

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.

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.

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.”

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.