Building on Success: MicroStrategy's Bitcoin Holdings MicroStrategy, a leading business intelligence firm, made headlines in August 2020 when it announced its purchase of $250 million worth of Bitcoin. This move signaled a significant shift in the company's investment strategy, as it became the first publicly traded company to adopt Bitcoin as its primary treasury reserve asset. This initial purchase was followed by an additional $175 million investment in September, bringing MicroStrategy's total Bitcoin holdings to over $425 million. The Latest Move: MicroStrategy Plans to Raise More Funds for Bitcoin In December 2020, MicroStrategy announced its intention to raise $400 million through a convertible senior notes offering. The proceeds from this offering will be used to acquire even more Bitcoin, solidifying the company's position as a major institutional investor in the cryptocurrency. This news has generated excitement among the crypto community, with many p...
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