MicroStrategy Continues Relentless Bitcoin Buying Spree

By
Anatoliy Volkov
1 min read

MicroStrategy, a prominent technology firm, is showing no signs of slowing down in its Bitcoin buying spree. The company is set to sell an additional $500 million of debt to further increase its Bitcoin stockpile. Following its recent purchase, the firm now holds a staggering 205,000 Bitcoins, worth over $15 billion, establishing it as the largest corporate holder of the cryptocurrency. CEO Michael Saylor's bold Bitcoin investment is on track to yield significant returns, with forecasts suggesting potential unrealized profits exceeding $13.4 billion by 2025. This move aligns with the increasing trend of firms borrowing money to capitalize on the surging crypto market. Coinbase, the largest crypto exchange in the U.S., has also announced a $1 billion debt offering to fuel its operational growth and repay existing debts.

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