Bitcoin, MicroStrategy and Stock-Sale Plan
· 1d · on MSN
MicroStrategy to raise $21 billion for Bitcoin despite pause in acquisitions
· 1d · 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.
In the Bitcoin (BTC) world, when MicroStrategy makes a move, the market shifts. With every purchase, MicroStrategy tightens its grip on Bitcoin (BTC), leaving investors wondering just how big the next buy can be.
Is Bitcoin America's path to prosperity or poverty? Michael Saylor weighs in! See how Bitcoin could reshape the nation's finances.
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MicroStrategy's stock dropped! A $21B stock offering was announced. Is this a smart move? Find out more on the new move of MicroStrategy!
Strategy (formerly MicroStrategy) stock fell nearly 17% as the company announced plans to raise $21 billion to buy more Bitcoin while the cryptocurrency's price decline
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:
Shares of MicroStrategy Inc ( MSTR 2.99%) 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%.
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Why 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,
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