Coin-Turk 1 minute ago
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MicroStrategy has announced plans to raise additional capital to purchase more Bitcoin 
$97,995, aiming to enhance its treasury reserves. This initiative is an extension of the company’s $42 billion fundraising campaign for Bitcoin acquisitions.
Details of Capital Increase
In its statement, MicroStrategy indicated that it seeks to raise up to $2 billion under this capital increase. This fundraising effort will be executed through one or more public offerings of fixed-income securities.
The announcement emphasized that the offering aims to strengthen the company’s balance sheet and acquire more Bitcoin. Should this fundraising plan be realized in the first quarter, the public offering is expected to occur in the first quarter of 2025.
The article underscored that whether the public offering will take place depends on market and other conditions. Consequently, MicroStrategy retains the option to initiate or not complete the offering.
Bitcoin Acquisition Activities
Led by Michael Saylor, the company has been consistently purchasing Bitcoin for the past eight w…
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