MicroStrategy Plans to Raise $500 Million to Buy BTC: Are New Highs Around the Corner? | HackerNoon
Briefly

from Hackernoon1 year ago
MicroStrategy plans to use the proceeds from the notes's sale to buy additional Bitcoin. The company's intention is clear, with 'general corporate purposes' serving as a standard phrase for raising funds for BTC acquisitions.
Hackernoonhttps://hackernoon.com/microstrategy-plans-to-raise-$500-million-to-buy-btc-are-new-highs-around-the-corner
At $70,000 per Bitcoin, MicroStrategy's holdings could reach $15.5 billion, making it a significant investor. Despite popular ETFs holding more, MicroStrategy remains a crucial player in the Bitcoin market.
Hackernoonhttps://hackernoon.com/microstrategy-plans-to-raise-$500-million-to-buy-btc-are-new-highs-around-the-corner
Read at Hackernoon
#microstrategy #bitcoin-market #investment-strategy #cryptocurrency-market #corporate-finance
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