Breaking: MicroStrategy To Raise $21 Billion To Buy More Bitcoin

Quick Summary:

In a massive development, MicroStrategy, now known as Strategy, has announced plans to raise up to $21 billion to buy more Bitcoin.

The company intends to offer its preferred stock to raise this capital for its BTC acquisition plans.

MicroStraetgy specifically mentioned that it intends to use the net proceeds from the ATM Program for general corporate purposes, including the acquisition of Bitcoin and for working capital.

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Article Details

Author / Journalist: Boluwatife Adeyemi

Category: Crypto

Markets: India

Topics: MicroStrategy Bitcoin Bitcoin News 24/7 Cryptocurrency News Microstrategy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-10 @ 12:25:46 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 196 words

Reading Time: 2 minutes read

Sentences: 32 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 26826525

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

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News Last Updated: 8 hours ago

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