As reported by ChainCatcher, the rise in cryptocurrencies has benefited companies that have followed MicroStrategy’s strategy as Donald Trump has chosen a crypto-friendly financier to chair the nation’s top financial regulator.
MicroStrategy sold $6.2 billion worth of convertible bonds this year as part of its plan to raise $21 billion through fixed-income offerings. Other companies such as MARA Holdings Inc. and Core Scientific Inc. have followed suit.
MARA Holdings Inc. sold more than $2 billion worth of assets to buy bitcoin, while Core Scientific Inc. has raised more than $1 billion so far this year.
