MicroStrategy has hired banks to help it raise $4.2 billion, raising $2.1 billion in Q3 through selling equity and debt.

Odaily Planet Daily News MicroStrategy Inc. has hired banks to help it raise $420 billion through the issuance of new shares and fixed income to buy more BTC. The company has hired a few banks to sell stocks through issuance at market prices, which may bring in a net income of $21 billion, and also arrange for the possible sale of fixed income securities, which may bring in a similar amount of income. Over the past year, the company has raised billions of dollars by selling convertible senior notes and stocks that its bankers can sell on the market to increase its BTC reserves. While such a plan would allow MicroStrategy to sell up to $21 billion worth of stocks without submitting additional documents, there is no guarantee that the company will do so or that it will be able to raise all the funds at once. MicroStrategy stated in a statement on Wednesday that the company raised $2.1 billion through the sale of equity and debt in the third quarter, compared to $800 million raised in the three months ended June 30th. Liquidity provider Arbelos Markets’ Director of Trading, Sean McNulty, said, “We believe that $42 billion is an ambitious goal, but not out of reach. In the end, if Bitcoin price pumps, it would be a good thing for them.” The $21 billion Market Cap plan exceeds the company’s recent issuance. The At-the-market plan allows the company’s investment bank to create stocks and sell them at market prices, adding the proceeds to its balance sheet. (Bloomberg) Earlier today, MicroStrategy proposed the ‘21/21 Plan’, which plans to raise $21 billion in equity financing and $21 billion in bond issuance over the next three years, using the additional capital to purchase more BTC as financial reserve assets in order to achieve higher BTC returns.