MicroStrategy's Bold Bitcoin Moves: Record Stock Highs and Strategic Debt Sales
TL;DR Summary
Economist Peter Schiff humorously criticized MicroStrategy's rapid Bitcoin purchasing strategy, led by Michael Saylor, suggesting the company will soon need a larger plan. MicroStrategy has already spent $6.63 billion of its $42 billion plan in less than three weeks, acquiring 331,200 BTC worth over $30 billion. Schiff, a known Bitcoin critic, has previously predicted a downturn for MicroStrategy's stock, which has seen significant gains this year.
- Peter Schiff Pokes Fun Of MicroStrategy's Bitcoin Purchase: 'Michael Saylor Is Gonna Need A Bigger Plan' Benzinga
- Watch These MicroStrategy Levels as Stock Soars to Record High After Bitcoin Purchase Investopedia
- MicroStrategy (MSTR) Leads Bitcoin in 2024 Gains, Wins Wall Street’s Favor CCN.com
- Bitcoin Buyer Spree: MicroStrategy Acquires $4.6B In BTC, Metaplanet Issues $11.4M In Bonds To Fund Purchases Benzinga
- MicroStrategy to Sell $1.75 Billion of Convertible Debt to Buy More Bitcoin Barron's
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