MicroStrategy strikes again, this time they are planning to raise up to $2 billion by selling Class A shares to buy more Bitcoin and for general corporate purposes. Although they did not disclose the specific timing of the stock sales and detailed plans for the use of proceeds, the move once again shows their firm belief in Bitcoin.
It is worth noting that this is not the first time MicroStrategy has expanded its Bitcoin holdings through fundraising. In June of this year, they issued $500 million in unsecured senior convertible notes and increased the issuance amount to $700 million a day later. MicroStrategy is clearly continuing to bet on the future of Bitcoin, and the market will wait and see whether this strategy will work.
