MicroStrategy is selling stocks to buy Bitcoin again. Every time it does this, it will rise sharply. Will this time be an exception?

MicroStrategy, an American software technology company, announced the pricing of a new $700 million bond due in 2032, which will be used to purchase more Bitcoin.  

The company will use part of the proceeds to continue adding more Bitcoin (BTC) to its corporate coffers. According to the latest data submitted in its first quarter 2024 financial results, Microstrategy has acquired 214,400 BTC to date, with a valuation of $14 billion.

MicroStrategy's move on June 14 follows the announcement of plans to raise $500 million through a similar offering on June 13.

The expansion to $700 million remains in line with the strategy of the largest Bitcoin company to strengthen its BTC holdings and position in the cryptocurrency market.

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