🍀 MicroStrategy, Metaplanet Want Billions More in Bitcoin as BTC Nears $100K
MicroStrategy plans to raise up to $2 billion through preferred stock offerings to fund additional Bitcoin purchases in the first quarter of 2025. Meanwhile, Japanese investment firm Metaplanet aims to acquire 10,000 Bitcoin this year, worth nearly $1 billion at current prices. MicroStrategy, which currently holds $44 billion in Bitcoin, could announce new purchases soon, as hinted by co-founder Michael Saylor.
Both companies are looking to expand their Bitcoin holdings significantly as Bitcoin approaches the $100,000 mark. Metaplanet's CEO emphasized using capital market tools to boost Bitcoin adoption in Japan and globally.
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