MicroStrategy co-founder Michael Saylor recently told Bloomberg that the company would review its fundraising strategy to add more “smart” leverage.
As U.Today reported, MicroStrategy announced plans to raise a total of $42 billion over the course of three years in October.
However, the business intelligence company is now well ahead of its fundraising goal.
“When we announced that, it wasn’t clear how enthusiastic the capital markets would be, but we had a very enthusiastic reception… We went faster than we had thought on October 30,” he said.
Saylor said the company would continue to raise capital primarily through the fixed income markets.
Once MicroStrategy reaches its fundraising goal, it will review its capital plan. According to Saylor, the company will implement a new plan “subject to market conditions at that time.”
“We’re always considering is it the convertible market, is it the fixed income market or is it the equity market that we want to go into? And that’s going to change from time to time. I expect that mix to change more.” heavily into the fixed income markets and the first quarter as we move forward,” Saylor said.
Right now, Saylor says, the company is increasingly deleveraging and he would like to gain more leverage.
As U.Today reported, MicroStrategy was recently added to the tech-heavy Nasdaq-100 index in a major win for the company. “We now have a very healthy software division and we are very proud of it. And I created it. But now we also consider ourselves primarily a Bitcoin treasury company,” he added.
