MicroStrategy's Bitcoin Moves: From Impairment Charges to Profitable Quarters.
TL;DR Summary
MicroStrategy, a business intelligence firm that has invested heavily in Bitcoin, has announced that it may sell some of its Bitcoin holdings to pay off long-term debt obligations. The company has already raised $1.6 billion through debt offerings to purchase Bitcoin, and its CEO has been a vocal advocate for the cryptocurrency. However, the move to potentially sell some of its Bitcoin holdings highlights the company's evolving financial strategy.
- MicroStrategy says it could sell Bitcoin to pay long-term debt obligations CryptoSlate
- Michael Saylor's MicroStrategy Books a Much Smaller Bitcoin Impairment Charge CoinDesk
- Bitcoin rally helps MicroStrategy to first profitable quarter in 2 years Markets Insider
- MicroStrategy hints at bitcoin bag dump while offloading shares Protos
- MicroStrategy outperforms Apple, Google and Bitcoin price despite BTC dip to $28,000 FXStreet
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