Coin-Turk 17 minutes ago
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MicroStrategy has entered a new capital raising process aimed at expanding its Bitcoin 
$82,831 treasury, with a goal of securing $500 million in funding. The company seeks to enhance its Bitcoin portfolio beyond the current level of 500,000 BTC ($82,921.47), indicating its commitment to increasing its crypto assets.
Strategy and Search for Funding
In its filings with the SEC, MicroStrategy stated that the acquired funds will be used for purchasing cryptocurrency assets. The company emphasized that this transaction aligns with its strategic plans, reflecting its intention to broaden its investment in the crypto market significantly.
As part of the capital increase plan, MicroStrategy will offer 5 million shares, each valued at $100. This initiative is expected to generate a total revenue of $500 million, marking a substantial contribution to the budget the company intends to …
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