tl;dr
MicroStrategy plans to raise $2 billion to purchase more Bitcoin, aiming to strengthen its position in the market by accumulating the top cryptocurrency. The capital raise, scheduled for the first quarter of 2025, is subject to market conditions. MicroStrategy recently added 2,138 BTC worth about $2...
MicroStrategy is planning to raise $2 billion in order to acquire more Bitcoin (BTC) with the aim of strengthening its market position. The capital raise, scheduled for the first quarter of 2025, hinges on market conditions. MicroStrategy recently bolstered its Bitcoin holdings by adding 2,138 BTC valued at approximately $209 million to its existing stash of 446,400 Bitcoin, solidifying its position as the largest corporate owner of BTC. Alongside exchange-traded funds (ETFs) and governments, MicroStrategy collectively holds nearly 31% of all BTC. As of the time of writing, Bitcoin is trading at $98,553, experiencing a slight decrease over the last 24 hours.
Furthermore, in a press release, MicroStrategy stated that the purpose of the offering is to fortify its balance sheet and acquire more Bitcoin, with the decision to proceed with the offering being at the company's discretion and contingent upon market and other conditions. Notably, MicroStrategy, along with ETFs and governments, collectively own almost 31% of all BTC. In December, MicroStrategy augmented its holdings by acquiring 2,138 BTC, adding to its significant portfolio totaling 446,400 Bitcoin, valued at $43.796 billion. The current trading price of Bitcoin stands at $98,553, reflecting a fractional decrease over the last 24 hours.