Key Points
- MicroStrategy plans to raise $2B for additional Bitcoin purchases, aiming for a total of 500K BTC.
- The company’s stock, MSTR, has performed well due to its substantial Bitcoin holdings, despite recent market uncertainty.
MicroStrategy, a pioneer in corporate Bitcoin strategy, has announced plans to raise $2B in capital. This funding will be used to purchase additional Bitcoin, increasing the firm’s total holdings to 500K BTC.
This ambitious acquisition plan comes after five successful bids in 2025, which increased MicroStrategy’s Bitcoin stash to 478740 BTC, equivalent to $46.15B at current market prices.
Market Reactions and Predictions
Despite these plans, the market response remains uncertain. Prediction site Polymarket suggests a 53% probability of MicroStrategy achieving its 500K BTC target by the end of February. This figure dropped from an initial 80% prediction following the announcement of the $2B capital raise.
Meanwhile, MicroStrategy’s stock (MSTR) has seen a 16% decrease from late January highs, valued at $333 at the time of writing. However, Felix Jauvin, a macro analyst, suggests that this $2B capital raise could mark a local bottom for Bitcoin.
Performance of MSTR and Bitcoin
In the same period, Bitcoin has lost 12% from recent highs, trading at $96K. Despite this, Bitcoin has performed reasonably well under current market sentiment.
Looking at year-to-date figures, MSTR has seen an 11% increase in 2025 compared to Bitcoin’s 1.9%. On a year-on-year basis, MSTR has risen by 373% compared to Bitcoin’s 85%. This indicates that the stock remains a Bitcoin beta, largely due to MicroStrategy’s significant Bitcoin holdings.
MicroStrategy’s Bitcoin strategy has resulted in MSTR becoming one of the top-performing U.S. stocks. Whether this impressive performance will continue into Q4 2025 is yet to be confirmed.