MicroStrategy Buys 1,070 BTC, Plans to Raise Up to $2B Through Preferred Stock Offering
The latest bitcoin purchase was funded through share sales under the company's at-the-market (ATM) program. MicroStrategy announced it would be raising up to $2 billion via a preferred stock offering to acquire more bitcoin.
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MicroStrategy expands Bitcoin holdings with 1,070 BTC purchase for $101M, driving BTC above $100K and MSTR stock up 4.5%.
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