MicroStrategy is raising directly from retail investors and creating…

Team S · 2026-01-06T08:25:41.000Z

MicroStrategy is using Bitcoin to solve two long-standing private equity goals: raising directly from retail investors and creating perpetual capital. Instead of traditional closed-end PE funds, it issues publicly listed securities- common stock, preferred stock, and convertible debt - backed by its Bitcoin reserves, which Jain calls Digital Equity (leveraged BTC exposure via the capital structure) and Digital Credit (BTC‑backed lending). In 2025, it raised about $21B, built out BTC-backed credit, and amassed 672,497 BTC at a ~$50.4B cost, worth roughly $61.4B at ~$91k/BTC. The strategy is highly leveraged (about $15–16B in debt and preferred), amplifying upside but raising systemic risk concerns for 2026. https://finance.yahoo.com/news/microstrategy-solves-private-equity-2-215038711.html

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MicroStrategy is raising directly from retail investors and creating… | Newnex