Michael Saylor unveils bold $21B stock issuance to supercharge Bitcoin investments

Michael Saylor Source: CryptoQuant

For his part, Peter Schiff downplayed Strategy’s capacity to raise such a massive amount given muted BTC price action. Schiff retorted,

“I don’t think you will be able to pull this off. Soon $MSTR will be trading at a discount to its Bitcoin holdings. That means selling these shares will produce a negative Bitcoin yield.”

However, Jesse Myers, co-founder of OnRamp Bitcoin, claimed that STRK stock issuance could offer Strategy an efficient capital raising from the bond market. He said,

“$21B could be just the start for this STRK “ATM program.” Congrats to Saylor and Shirish Jajodia for creating an even more efficient vehicle for converting SoV capital into Bitcoin monetary energy.”

On the price performance front, MSTR had dropped 56% to the last U.S. election level of $240, a trend observed across most U.S. equities.

Over the same period, BTC has fallen about 30%, with analysts noting that it is a standard pullback for the cryptocurrency during bull runs.

Michael Saylor Source: MSTR vs. BTC performance, TradingView

Meanwhile, BTC dipped below $80K, but was above the level ahead of key U.S. economic data. Whether BTC will reverse Q1 losses and offer a relief recovery for MSTR remains to be seen.

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