Reported 1 day ago
MicroStrategy Inc. has purchased $1.1 billion worth of Bitcoin, marking its 12th consecutive week of acquiring the cryptocurrency, now owning over 2% of the total Bitcoin supply. The company plans to redeem convertible notes early and has approved a significant increase in authorized common shares to raise up to $42 billion by 2027. With a total purchase amounting to approximately $47 billion in Bitcoin, MicroStrategy aims to enhance its capital structure, relying on convertible debt and stock sales to fund ongoing Bitcoin acquisitions.
Source: YAHOO