21 Capital is modeling its public valuation ambitions on MicroStrategy’s success, leveraging Bitcoin accumulation as a strategic play in the public market
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The SPAC is the latest spin on the business model of Michael Saylor’s Strategy
MicroStrategy has become a sensation on public markets after it began issuing stock and speculative debt to purchase a massive stockpile of bitcoin. It has grown into an industry giant holding tens of billions of dollars in bitcoin and carrying a $91bn public market capitalisation
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