MicroStrategy has increased its preferred stock offering from $500 million to $2 billion to finance additional Bitcoin purchases
MicroStrategy has increased its preferred stock offering from $500 million to $2 billion to finance additional Bitcoin purchases. The company currently holds approximately 607,770 bitcoins on its balance sheet. This move reflects a substantial increase in institutional demand for Bitcoin and signals MicroStrategy’s continued commitment to expanding its Bitcoin treasury. The decision to quadruple the fundraising amount was led by Michael Saylor, highlighting a strategic approach to capital raising aimed at acquiring more Bitcoin.
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Source: https://thedefiant.io/news/markets/microstrategy-led-michael-saylor-quadruples-stock-raise-to-2-billion-to-buy-more-935be121