STRK will go on the market for $80 per share, and the company hopes to use the proceeds to buy Bitcoin. MicroStrategy co-founder and chairman Michael Saylor announced on X, formerly Twitter, that the company had upsized the deal from raising $250 million to $584 million.
Why Michael Saylor’s MicroStrategy is a brilliant blueprint for manipulating traditional finance to harness the pixie dust of crypto mania.
MicroStrategy, Bitcoin
MicroStrategy Raises $563M From Stock Sale to Buy More Bitcoin
· 2d · on MSN
MicroStrategy adds another bull to its side, and yes, it’s all about bitcoin
Crypto Currents: MicroStrategy buys more bitcoin
As bitcoin, ethereum and other cryptocurrencies get increasing attention from investors, Wall Street and its traditional banks continue to
Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR). MicroStrategy's (MSTR) initial attempt to expand its capital raising activities via perpetual preferred stock appeared to have been met with strong demand.
Either MicroStrategy’s Michael Saylor is a visionary, or he’s a delusional egomaniac,” Forbes observed in 1998, during the company’s first incarnation as a Wall Street highflyer.
In a little less than three months, MicroStrategy has spent nearly half of its three-year, $42 billion capital plan to buy bitcoin.
Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR). MicroStrategy (MSTR) brought its bitcoin holdings to 471,107 following another week of accumulating tokens. Alongside,
MicroStrategy Inc. bought Bitcoin for a 12th consecutive week and unveiled details for the sale of perpetual preferred stock to help finance additional purchases of the cryptocurrency.
Bitcoin ( BTC) is trading less than 5% below its all-time high of $109,500, yet demand for leverage in perpetual contracts remains balanced between longs (buyers) and shorts (sellers). At first, this might seem concerning, but it does not necessarily increase the likelihood of a correction below $100,000.
Investor's Business Daily on MSN1h
Stock Market Today: Dow Jones Falls As Trump Tariff Deadline Looms; Nvidia Slips As MicroStrategy Makes This Move (Live Coverage)The Fed's preferred inflation gauge, the personal consumption and expenditures index, rose 0.3% from November and 2.6% on an annual basis.
Bitcoin maximalist MicroStrategy (MSTR) has extended its Bitcoin buying spree, raising $584 million through a perpetual convertible preferred stock offering to fund additional Bitcoin purchases. Initially,
The shares, the first preferred stock issue by the largest corporate holder of Bitcoin, didn’t get as strong a reception as the company planned.
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