📰 News Alert:

🔖 Title: MicroStrategy Is Raising $584 Million to Stack Even More Bitcoin

🗓️ Published: Fri, 31 Jan 2025 20:37:38 +0000

📄 Summary: 1. MicroStrategy plans to issue new stock (STRK) to raise funds to increase its $48 billion Bitcoin holdings, potentially impacting the company's stock price and the cryptocurrency market.

2. The company currently holds $48 billion worth of Bitcoin in its treasury stash.

3. The issuance of new stock could have future implications on MicroStrategy's financial position and its ability to further invest in Bitcoin.

🔗 https://decrypt.co/303896/microstrategy-raising-584-million-stack-bitcoin

🗞️ Source: Decrypt

#bitcoin #crypto #news