MicroStrategy purchased an additional 18,300 bitcoins for $1.11 billion, boosting its total Bitcoin trove to 244,800 BTC acquired for $9.45 billion. The company continues its Bitcoin accumulation strategy, capitalizing on BTC appreciation.
The Bitcoin 2024 conference continues today in Nashville with major keynotes from Michael Saylor, Cathie Wood, Edward Snowden, Robert F. Kennedy Jr. and other Bitcoin leaders speaking today.
MicroStrategy boosted its planned stock sale to $700 million from $500 million to raise additional funds for purchasing Bitcoin amid strong investor demand.
MicroStrategy plans to raise $500 million through a convertible senior notes offering, with proceeds going primarily toward acquiring more Bitcoin for its corporate treasury.
Michael Saylor and the MicroStrategy EVP of Engineering announce the company's latest Bitcoin innovation at MicroStrategy World: Bitcoin for Corporations 2024.