Technology
MicroStrategy Is Halfway Through Share Sales to Buy Bitcoin
- The company sold 3.7 million shares over the past week
- The proceeds were used to buy another $1.5 billion of Bitcoin
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Just over a month after announcing plans to raise $21 billion through stock sales to help fund additional purchases of Bitcoin, MicroStrategy Inc. is already almost halfway to its goal.
The company sold 3.7 million shares over the past week and used the proceeds to buy another $1.5 billion worth of Bitcoin, the fourth consecutive weekly purchase announced by the crypto hedge fund proxy.