MicroStrategy surpasses Coinbase: Bitcoin investments pay off

MicroStrategy, which holds more than 250 thousand Bitcoins and is the largest in the world in this sense, surpassed Coinbase with a market value. Michael Saylor's company, whose share value has broken record after record in recent weeks, announced that it aims to raise 42 billion dollars in funds and make new Bitcoin purchases for the next 3 years.

While the market value of MicroStrategy, which almost took flight with the rise of the price of Bitcoin, was based on the limit of 50 billion dollars, it also left Coinbase behind. In this transition, the decrease of more than 15% seen yesterday, especially in Coinbase shares, was also effective. The largest cryptocurrency exchange in the USA experienced the biggest decline in the last 2 years yesterday.

The latest figures show that MicroStrategy's market value is 49.7, while Coinbase is $47.9 billion. Of course, the Bitcoin buying strategy, which MicroStrategy insists on in this rise, plays a major role. As the price of Bitcoin appreciates, so are the company's shares. It is also known that some institutional companies that are afraid to buy Bitcoin indirectly make purchases of MSTR, which is seen as BTC investment.

They will continue with 42 billion dollars

MicroStrategy recently announced that it aims to raise a total of $42 billion in funding from a capital increase of $21 billion and a fixed income of 21 billion dollars in the sale of securities. In this way, the company aims to buy more Bitcoins.

It is claimed that the sales of 21 billion dollars here are also an emphasis on Bitcoin's limited supply of 21 million units.