MicroStrategy has announced a 10% preferred stock offering to raise approximately $711 million, which will be used to buy more Bitcoin ๐ธ.
*๐ Strategy's Bitcoin Accumulation Plan ๐*
The company has been aggressively accumulating Bitcoin, with its most recent purchase of 130 BTC on March 17 ๐. MicroStrategy's total Bitcoin holdings now stand at 499,226 BTC, valued at $41.8 billion.
*๐ Raising Debt and Equity to Fuel Bitcoin Accumulation ๐*
MicroStrategy co-founder Michael Saylor has signaled that the company will continue to raise debt and equity to fuel its Bitcoin accumulation plan ๐. This move is expected to provide the company with the necessary capital to take advantage of potential market downturns.
*๐ Market Reaction and Analysis ๐*
Shares of MicroStrategy have declined by over 26% in early March, but are currently trading at around $299, up 29% from the recent low ๐. Analysts believe that the company's inclusion in the Nasdaq 100 has injected fresh capital flows, but also exposed it to broader downturns in the tech market.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
MicroStrategy has announced a 10% preferred stock offering to raise approximately $711 million, which will be used to buy more Bitcoin ๐ธ.
*๐ Strategy's Bitcoin Accumulation Plan ๐*
The company has been aggressively accumulating Bitcoin, with its most recent purchase of 130 BTC on March 17 ๐. MicroStrategy's total Bitcoin holdings now stand at 499,226 BTC, valued at $41.8 billion.
*๐ Raising Debt and Equity to Fuel Bitcoin Accumulation ๐*
MicroStrategy co-founder Michael Saylor has signaled that the company will continue to raise debt and equity to fuel its Bitcoin accumulation plan ๐. This move is expected to provide the company with the necessary capital to take advantage of potential market downturns.
*๐ Market Reaction and Analysis ๐*
Shares of MicroStrategy have declined by over 26% in early March, but are currently trading at around $299, up 29% from the recent low ๐. Analysts believe that the company's inclusion in the Nasdaq 100 has injected fresh capital flows, but also exposed it to broader downturns in the tech market.
*๐ What's Next for MicroStrategy? ๐*
Will MicroStrategy's aggressive Bitcoin accumulation plan pay off? Only time will tell ๐ฐ๏ธ. Stay tuned for further updates on MicroStrategy's Bitcoin purchases and market analysis! ๐ฅ #Trumpโs Digital Asset Summit Speech #SIREN Launchpool is Live #XRP Tops Airbus in Market Cap