๐ MicroStrategy just went on a Bitcoin shopping spree, snagging 7,420 BTC for a cool $458.2M! ๐๐ธ They upped their convertible note offering to $1.01B from $700M to fund this crypto binge.
๐ Between Sept 13-19, they bought at an average price of $61,750 per BTC. Now holding a whopping 252,220 BTC, worth nearly $16B! Michael Saylor and team are clearly all-in on Bitcoin as a corporate treasury asset.
๐ Despite a slight dip in their stock, other companies like Marathon Digital are jumping on the BTC bandwagon too. What do you think? Is this the future of corporate finance? Comment below! โฌ๏ธ