Bitcoin, MicroStrategy and Stock-Sale Plan
· 9h · on MSN
MicroStrategy to raise $21 billion for Bitcoin despite pause in acquisitions
· 12h · on MSN
MicroStrategy Stock Falls as Bitcoin Faces More Pressure. Why It’s a Monday Thing.
MicroStrategy Unveils $21 Billion Stock-Sale Plan to Buy Bitcoin
MicroStrategy said on Monday that it plans to raise up to $21 billion to turbocharge its bitcoin accumulation bet. MicroStrategy, which holds nearly 500,000 bitcoins worth $40 billion, intends to sell a type of special stock called “perpetual strike preferred stock.
MicroStrategy, led by Michael Saylor, has transformed into a Bitcoin-backed company, using BTC as its primary treasury reserve asset. The company's stock (MSTR) is heavily correlated with Bitcoin's price movements due to:
Peter Schiff warns MicroStrategy's Bitcoin strategy risks bankruptcy amid a 55% stock drop and rising debt as BTC dips to $79,000.
5hon MSN
MicroStrategy's stock dropped! A $21B stock offering was announced. Is this a smart move? Find out more on the new move of MicroStrategy!
Shares of MicroStrategy Inc ( MSTR -10.22%) are falling on Monday. The company's stock lost 12.6% as of 10:50 a.m. ET and was down as much as 13.9% earlier in the day. The drop comes as the S&P 500 lost 2%, and the Nasdaq Composite lost 3.5%.
7h
24/7 Wall St. on MSNWhy Wall Street Is Punishing Palantir, Tesla and MicroStrategy TodayThe tariffs-inspired stock market rout that began last week picked up steam on Monday, with the SPDR S&P 500 ETF Trust (NYSE: SPY) falling about 2.1% through noon ET, and the Nasdaq off 3.4%. Searching amongst the rubble,
MicroStrategy's stock has lost 47% since November 2024, falling from $543 to $287.18 as of March 9, 2025. Given MicroStrategy's deep financial and strategic ties to the digital asset, this sharp decline raises serious concerns for Bitcoin (BTC) and the broader crypto market.
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