Microstrategy to Sell $1B in Stock to Purchase Additional BTC

Reading Time: 2 minutes Microstrategy has revealed its intentions to sell up to $1 billion in stock to acquire more Bitcoin. Just today, the company completed the sale of $500 million in bonds and will use its proceeds to buy Bitcoin. Microstrategy has gained around $1.5 billion in profit over its initial investment of $2.2 billion in Bitcoin. Evidently, Microstrategy is on a Bitcoin buying spree, athirst to acquire more and more of the leading cryptocurrency. The company, which is managed by the Bitcoin maximalist Michael Saylor, has recently demonstrated great tenacity in purchasing Bitcoin, especially since the leading cryptocurrency is perceived to be
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