Reported 2 days ago
MicroStrategy Inc. has purchased $101 million worth of Bitcoin, marking the company's ongoing strategy to strengthen its cryptocurrency holdings, which now total about $44.3 billion. The enterprise software firm plans to use perpetual preferred stock, common shares, and debt to fund further Bitcoin acquisitions and aims to raise up to $2 billion through stock offerings. Despite recent losses in its software business and concerns over share dilution, MicroStrategy continues to leverage Bitcoin's volatility to capitalize on market opportunities.
Source: YAHOO