MicroStrategy's $2B Bitcoin Acquisition Marks Record-Breaking Investment
TL;DR Summary
MicroStrategy, known for its significant Bitcoin investments, plans a $42 billion fundraising through an at-the-market (ATM) equity offering and new debt securities to purchase more Bitcoin. This move, reminiscent of its past excesses during the dotcom bubble, aims to capitalize on Bitcoin's resurgence, despite potential risks if Bitcoin's value declines. The strategy involves leveraging its stock's premium to Bitcoin holdings and issuing convertible bonds, betting on Bitcoin's appreciation. CEO Michael Saylor's bold Bitcoin predictions further highlight the company's commitment to this strategy.
- Examining MicroStrategy’s record-shattering $21bn ATM Financial Times
- MicroStrategy’s $2 billion Bitcoin buy is largest since 2020 Fortune
- MicroStrategy Buys $2.03 Billion of Bitcoin in Latest Purchase Bloomberg
- MicroStrategy - AI And Bitcoin Rolled Into One! Barchart
- MicroStrategy Announces BTC and ATM Activity; Raised $2.03 billion; Purchased 27,200 BTC; Now Holds 279,420 BTC with BTC Yield of 26.4% YTD Business Wire
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