MicroStrategy Boosts Bitcoin Accumulation Target to $700 Million amid Share Price Surge

1 min read

12 months ago bitnews

MicroStrategy ramps up its Bitcoin buying strategy by increasing its convertible senior note offering to $700 million, signaling continued trust in cryptocurrency. This ambitious move follows the company’s dramatic shares performance in 2024, driven by Bitcoin’s volatility. CEO Michael Saylor remains bullish on Bitcoin despite market fluctuations, aiming to add to the company’s substantial holdings.