MicroStrategy Inc. sold $21 billion of shares to raise funds for investing in Bitcoin. This has surpassed Tesla’s Bitcoin investment milestone set four years ago.
Microstrategy, which is viewed as the representative of Bitcoin investment, sells its stocks to the market through the market offering working with banks’ assistance. This has been done by several other companies like GameStop Corp and AMC Entertainment Holdings Inc. to make deals with loyal retail investors.
The scale of the equity plan for Microstrategy stands out, which raised $3.5 through several fundraising endeavors in 2024. The influence of Michael Saylor plays a key role in attracting investors.
According to the Bloomberg report, the figure which was announced on Wednesday surpasses the world’s four largest deals.
Source: https://www.cryptopolitan.com/microstrategys-equity-plan-surpasses-tesla/