MicroStrategy will raise another $700 million to buy more Bitcoin

MicroStrategy CEO Michael Saylor says the company is committed to buying and holding Bitcoin for the long term

MicroStrategy, a business intelligence company, has announced that it will raise another $700 million to buy more Bitcoin. This news comes just weeks after the company announced that it had purchased $425 million worth of Bitcoin. MicroStrategy’s CEO, Michael Saylor, is a vocal advocate for Bitcoin, and he has said that the company is committed to buying and holding Bitcoin for the long term.

MicroStrategy’s Bitcoin holdings are now worth over $3 billion

With the addition of the new $700 million, MicroStrategy’s Bitcoin holdings will be worth over $3 billion. This makes the company one of the largest corporate holders of Bitcoin in the world. Saylor has said that he believes Bitcoin is a “digital gold” that will continue to appreciate in value over time.

MicroStrategy’s stock price has risen sharply since the company began investing in Bitcoin

MicroStrategy’s stock price has risen sharply since the company began investing in Bitcoin. In December 2020, the stock was trading at around $120 per share. Today, the stock is trading at over $600 per share. This shows that investors are bullish on MicroStrategy’s Bitcoin strategy.

MicroStrategy’s investment in Bitcoin is a sign of the growing institutional adoption of the cryptocurrency

MicroStrategy’s investment in Bitcoin is a sign of the growing institutional adoption of the cryptocurrency. More and more companies are beginning to see Bitcoin as a legitimate investment. This is a positive development for Bitcoin, as it shows that the cryptocurrency is becoming more mainstream.