Crypto gambler raises stakes (again)
MicroStrategy (NASDAQ: MSTR) kicked off 2025 with what might be the most audacious financial engineering scheme in corporate history. In a January 3 announcement that stretched the boundaries of financial credulity, Michael Saylor and friends revealed plans to raise up to $2 billion through preferred stock offerings, the latest step in what it arrogantly calls its ’21/21 Plan,’ an almost unthinkable scheme to raise $42 billion over three years to buy (even more) BTC.
The numbers and scale are so large that they almost seem unreal.
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