MicroStrategy, the business intelligence giant, has announced plans to raise $500 million through a stock sale, with the proceeds exclusively used to purchase more Bitcoin (BTC). This move further solidifies MicroStrategy's commitment to BTC as a treasury reserve asset. The company has been aggressively acquiring Bitcoin in recent years, and its latest move demonstrates its continued confidence in the cryptocurrency's long-term potential. The stock sale is expected to close in the near future, subject to market conditions.

Cointelegraph•10 months ago•
2520
MicroStrategy Raises $500 Million to Expand Bitcoin Holdings
Bitcoin
MicroStrategy
Stock Sale
Treasury Reserve Asset
Cryptocurrency
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Summary:
$500 million stock sale to fund Bitcoin acquisitions.
Proceeds will be used to acquire additional Bitcoin.
MicroStrategy's long-term commitment to BTC as a treasury reserve asset.
Company has been aggressively acquiring Bitcoin in recent years.
Stock sale expected to close in the near future.
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