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Amodh Shetty

@theamodhshetty

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How a business intelligence firm is Stacking up on BTC by the billions? It sounds too wild to be real. But, CEO Michael Saylor’s debt-fueled Bitcoin approach is either genius or pure folly. lets break it down🧵 MicroStrategy was once known for its software. Today, it’s practically a Bitcoin holding company. Since August 2020, Saylor has stacked more than 450,000 BTC It all started with $250 million purchase funded by cash on hand.Then issued convertible notes (low-interest debt that can turn into equity) and senior secured notes (higher interest, backed by company assets) to fund bigger and bolder BTC buys. By late 2024, MicroStrategy took it up a notch. The firm proposed expanding its share count (from 330 million to over 10 billion) and its preferred stock (from 5 million to around 1 billion). The reason? So they could raise money more flexibly to buy even more Bitcoin. Saylor calls it the 21/21 Plan he aims to raise $42 billion in three years, split between equity sales and fixed-income
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Fifteen years ago,someone named “Satoshi" mined the very first block of peer-to-peer based digital currency called Bitcoin. We didn’t realize it at the time, but January 3, 2009, would become the day everything changed! That first block(“Genesis Block”) had 50 BTC locked away forever. Every Bitcoin node still references it today Wild to think: the Genesis Block included a Times headline about bank bailouts. Classic Satoshi move, launching a decentralised currency while traditional banks were imploding 2024 update: banks that were failing in '09'? Now Bitcoin is recognized as a legitimate asset class, with major Wall Street players lining up to capitalize on it. Full circle moment. on this Bitcoin Genesis Day, take a moment to appreciate the vision of this decentralised network It’s changed finance, politics, and social structures around the globe and it’s just the begining!
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