MicroStrategy, the business intelligence firm that has already amassed over 90,000 Bitcoin, is planning to raise $750 million through a stock sale in order to potentially buy more #Bitcoin.
Q2 2023: How Did MicroStrategy Impress Investors?
In a post on Platform X, Michael Sailor revealed that MicroStrategy now as of July 31 has 152,800 bitcoins, 467 more than in June. Chief financial officer Andrew Kang noted that the second quarter’s 12,333 bitcoin increase was the most since the second quarter of 2021.
The move highlights the company’s continued bullish outlook on the leading cryptocurrency, which has performed strongly in recent months, breaking barriers and reaching new all-time highs. The stock sale is viewed as another step in the company’s strategy to position itself as a major player in the cryptocurrency market.