Bitcoin (BTCUSD)

[europa7]

Brace For Impact: MicroStrategy Is Planning Another $500 Million Bitcoin Purchase
https://www.newsbtc.com/news/bitcoin/microstrategy-500-million-bitcoin/

MicroStrategy Mega Bitcoin Purchase In The Works

"...In a recent press release published on MicroStrategy’s official website, the software development company announced plans to raise $500 million in convertible debt offerings to purchase more Bitcoin. Just a few days ago the company had sold approximately $800 million in convertible debt offerings, using the proceeds of the sale to acquire about 12,000 BTC valued at about $821.7 million at the time.

Quite frankly, MicroStrategy seems to be on a full-blown Bitcoin acquisition spree, potentially attributed to the cryptocurrency’s massive bullish rallies recently and its surge to new all-time highs. As of March 11, 2024, the business intelligence firm possesses a total of 205,000 BTC, worth over $15 billion based on CoinMarketCap’s Bitcoin price of $73,411, at the time of writing.

With its latest purchase of 12,000 BTC, MicroStrategy has finally surpassed the Bitcoin holdings of BlackRock’s Spot Bitcoin Exchange Traded Fund (ETF). Additionally, the software development company has secured the top position as the leading public company with the largest Bitcoin holdings, surpassing the holdings of both Tesla and Coinbase.

As of March 2024, MicroStrategy’s market capitalization has surged to $29.96 billion, reflecting an increase of 10.85% in the last 24 hours. The company is also presently ranked as the world’s 642nd most valuable company by market capitalization..."

Michael Saylor's MicroStrategy Raising Another $500M to Buy More Bitcoin
"...The debt offering comes just days after the company closed on an $800 million capital raise, also with proceeds used to buy bitcoin..."
https://www.coindesk.com/business/2024/03/13/michael-saylors-microstrategy-raising-another-500m-to-buy-more-bitcoin/

amazing...!!