MicroStrategy's Recent Bitcoin Acquisition MicroStrategy has made headlines with its substantial investment in Bitcoin, acquiring approximately 51,780 BTC for around $4.6 billion. This purchase marks the company's largest single buy since 2020 and raises its total Bitcoin holdings to 331,200 BTC, which represents about 1.57% of the total Bitcoin supply. The acquisition was financed through $1.75 billion raised from a private offering of convertible senior notes, which are due on December 1, 2029. This move demonstrates a strong commitment to incrementally increasing Bitcoin positions, especially as market conditions show bullish trends. Reasons Behind the Acquisition Market Belief: MicroStrategy's strategy indicates a deep belief in Bitcoin's long-term potential amid rising prices, which recently soared past $90,000. Financial Strategy: The funds raised from selling high-value stock underpins this massive purchase as a means to strengthen their Bitcoin treasury. Show Less
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MicroStrategy raises $1.75 billion to acquire more Bitcoin
https://crypto.news/microstrategy-raises-1-75-billion-to-acquire-bitcoin/
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