MicroStrategy, the largest institutional Bitcoin holder is looking to raise $500 million dollars. The company co-founded by Bitcoin bull Michael Saylor has accumulated 129,699 Bitcoins ever since they added it to their balance sheet. Although their investment may have suffered a loss of $1 billion due to the current bear market, they intend to double down on their decision to increase their Bitcoin holdings by using funds that will be raised through an aggregated class A common stock worth $500,000,000 as per a Securities and Exchange Commission (SEC) filing.
September 11, 2022
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