The company, led by Michael Saylor and known for its aggressive investment in Bitcoin (BTC), has doubled its capital collection plan to $840 million (USD) and strengthened its asset acquisition strategy.
On Thursday, May 1, the company reported the sale of US$220 million of its common stock after exhausting previous programs of the same size approved in October. At the same time, he expanded his debt issuance program, moving from USD 210 million to USD 420 million.
This decision It is part of an ongoing plan for a strategy to fund Bitcoin purchases Through capital and debt certificates.
The company currently has 553,555 BTC, maintaining it as the entity cited in more Bitcoin worldwide.
According to data from BitCintreasuries Explorer on display below, Minera de Bitcoin Mara Holdings, dedicated to investments in 47,600 BTC and BTC Twenty One (XXI) followed by companies dedicated to investments in BTC Twenty One (XXI).
Saylor’s initiative was held over a week by Twenty One CEO Jack Mallers, who said his goal was to be the best way investors could be exposed to Bitcoin in the open market, and to implicitly declare the corporate battle against strategy. In addition to issuing actions to purchase BTC, Twenty One also funds investments with other ecosystem activities, such as mining.
Price drops don’t worry about strategies
New issuance of stocks strengthens the bullish position of the strategy against Bitcoindespite your set time. The current price for BTC is around US$97,000, nearly 10% below its historical maximum of US$109,300 three months ago, as reported by Cryptonotics.
Despite this fall, the company remains in its profit holdings, with an average purchase price from Bitcoin at USD 68,459. However, the price decline had an impact on the presentation of the balance for the first quarter of the year.
The strategy reported a net loss of USD 4.2 billion in the first quarter of 2025. This is due to new accounting regulations that force companies to value digital assets such as Bitcoin, depending on market prices.
Michael Saylor, founder and executive director of Strategy, believes Bitcoin has yet to reach the maximum price for this cycle. As he said late last year, he expects the currency to reach a valuation of 180,000 US dollars and then “collapse” to 140,000 US dollars.
A praised and questioned strategy
Issuing debts to buy Bitcoin is that its strategy is an investment technique that various companies follow. Among them is the Japanese Metaplanet Company. This week we also sold new rounds of action.equivalent to 3,600 yen (jpy) and get more BTC.
Metaprenet, which is currently expanding internationally with its US subsidiary, along with such initiatives, marks the 12th round of ordinary bonds issued to support the company’s Bitcoin accumulation strategy. At this point, we have accumulated 5,000 BTC.
These investment strategies have also been criticized by experts such as analyst Jacob King. This is because it is a repetitive loop as companies issue debt, buy Bitcoin, drive action with currency prices and demand, and attract new investors to the market, as shown below.
On top of that, High exposure to Bitcoin’s strategy awakens concerns about his financial health If the price drops significantly. If he was forced to sell a portion of his preparation, he could put strong bear pressure on the market due to the masses he handled. Even the lowest sales by the company can have surprising psychological consequences, as only BTC breaks the long-term accumulation narrative.
Despite criticism, the strategy continues to position itself as one of the most influential stakeholders in the ecosystem, strengthening its interest in Bitcoin. The model, which combines traditional financing with strong investments in assets, strengthens adoption as a value reserve.