Michael Saylor's MicroStrategy Doubles Down on Bitcoin Amidst Market Decline
Michael Saylor's MicroStrategy Doubles Down on Bitcoin Amidst Market Decline
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Despite Bitcoin's recent price drop, Michael Saylor's MicroStrategy plans to raise €715 million through a preferred stock offering. The funds are earmarked for additional Bitcoin purchases, demonstrating continued conviction in the cryptocurrency even as its value and the company's shares face steep declines.
Michael Saylor’s Strategy is pressing forward with a €715 million preferred stock raise to fund new Bitcoin purchases, even as both Bitcoin and the company’s shares face steep declines.