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MicroStrategy Buys Bitcoin After Adding Preferred Offering
crypto :: 2025-01-06 :: source - bloomberg
By Monique Mulima
The MicroStrategy Inc. headquarters in Tysons Corner, Virginia Photographer: Stefani Reynolds/Bloomberg
MicroStrategy Inc. bought $101 million of Bitcoin after announcing that it would use perpetual preferred stock as well as common shares and debt to acquire more of the cryptocurrency.
The Tysons Corner, Virgina-based enterprise software company turned leveraged Bitcoin proxy has purchased Bitcoin for nine consecutive weeks, as co-founder and Chairman Michael Saylor aims to advance its Bitcoin holding strategy. It holds around $44.3 billion in Bitcoin..Read more
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