July 20, 2024

Bitcoin Surge Incoming? MicroStrategy Prepares To Buy $700 Million Worth Of BTC

1 min read

MicroStrategy, a leading American business intelligence and analytics company, has unveiled plans to buy Bitcoin once again. The AI-powered firm upsized its initial $500 million offerings on convertible notes to $700 million, intending to use the proceeds to acquire an equivalent amount of Bitcoin. This massive Bitcoin purchase could see the price of the cryptocurrency

Bitcoinist logo

Source: Bitcoinist

Leave a Reply

Your email address will not be published. Required fields are marked *

You may have missed