๐MicroStrategy is upping its game! Just a day after announcing a $500M convertible senior note offering to buy more BTC, the target's been bumped up to a whopping $700M.๐ฐ
โข The company's shares have been on a rollercoaster ride in 2024, but they've skyrocketed by triple digits since the start of the year.๐
โข MicroStrategy plans to use the net proceeds to acquire more bitcoin and for general corporate purposes.
โข The firm now owns 214,400 BTC, over 1% of bitcoin's total supply, sitting on an unrealized profit of $6.6 billion.
MSTR's share prices are heavily impacted by bitcoin's movements. They've retraced quite a bit in 2022, recovered in 2023, and have been on a bull run in 2024.๐
What do you think about this bullish move? Share your thoughts in the comments!๐ #Bitcoin #MicroStrategy #CryptoNews