While other crypto investors might have become increasingly concerned about the recent price movements of Bitcoin (BTC), MicroStrategy remains unperturbed as it vows to continue implementing its digital assets strategy. In fact, the company plans to raise capital by selling shares and using the proceeds to buy more BTCs. MicroStrategy (MSTR), a Virginia-based software developer also known for owning the largest Bitcoin holdings among publicly traded firms, revealed its intention to sell up to $500 million of stock to fund its planned crypto purchase in a filing with the U.S. Securities and...
source: https://tokenpost.com/MicroStrategy-plans-to-buy-more-Bitcoins-by-selling-up-to-500M-of-stock-9767
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