Michael Saylor, co-founder of MicroStrategy, recently announced the company’s plan to revamp its fundraising strategy. Speaking to Bloomberg, Saylor revealed a focus on “intelligent” leverage as the company continues its ambitious capital-raising efforts.
Ahead of Fundraising Targets
MicroStrategy initially set a goal to raise $42 billion over three years, starting in October. However, the company has exceeded expectations, moving faster than planned.
“When we announced the target, we were unsure how capital markets would respond,” Saylor shared. “The reception was far more enthusiastic than expected, allowing us to accelerate.”
Focus on Fixed-Income Markets
Saylor emphasized that fixed-income markets would remain the primary source of funding. Once MicroStrategy achieves its goal, it will reevaluate its capital plan, adapting to market conditions.
“We’re constantly assessing the best options, whether it’s the convertible market, fixed-income, or equity markets,” Saylor explained. “For now, we expect to lean more toward fixed income as we move into Q1.”
Balancing Leverage
Currently, the company is reducing its leverage. However, Saylor aims to increase it strategically. “We’re working on getting more deleveraged right now, but I’d like to add more leverage intelligently,” he stated.
MicroStrategy’s Dual Identity
MicroStrategy recently achieved a significant milestone by joining the Nasdaq-100 index. While its software division remains robust, Saylor highlighted the company’s evolving focus.
“We’re proud of our software division—it’s healthy and thriving,” Saylor said. “But today, we primarily see ourselves as a Bitcoin Treasury company.”
