MicroStrategy Selling $1B Worth of Stock to Buy Bitcoin

Last Updated: June 16, 2021

Michael Saylor runs MicroStrategy, and he recently announced that $500 million of bonds have been sold in favor of cryptocurrency, and that it plans to sell even more, making it an even $1 billion.
Jason

Jason

Hi! I'm the editor at EarthWeb. I have a deep interest in technology and business. I also enjoy testing products out. Contact me to be featured!
MicroStrategy Selling $1B Worth of Stock to Buy Bitcoin
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Michael Saylor runs MicroStrategy, and he recently announced that $500 million of bonds have been sold in favor of cryptocurrency, and that it plans to sell even more, making it an even $1 billion.

MicroStrategy has such a big stack in Bitcoin at this point that it is considered one of the primary owners. The Bitcoin that the company holds is worth more than $3 billion. However, this could increase to more than $5 billion.

Bitcoin

MicroStrategy’s latest spending comes amid Bitcoins loss of value down to two thirds over the past month.

Written by Jason

Hi! I’m the editor at EarthWeb. I have a deep interest in technology and business. I also enjoy testing products out. Contact me to be featured!

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