There’s nothing micro about the way MicroStrategy (MSTR) been gobbling up Bitcoin. The company’s stock saw massive volume as its share price hit an all-time high in sync with Bitcoin, which came close to breaking past $95,000.
MSTR also boosted its convertible note offering to $2.6 billion after the $1.75 billion it announced earlier this week wasn’t enough to satiate investors’ appetite. Keep in mind, the software company already has more than $30 billion worth of Bitcoin in its coffers.
Next up: Recruitment. Michael Saylor is set to make a 3-minute orange pill presentation in front of Microsoft’s leadership. He’ll be speaking in three weeks on behalf of an activist shareholder who wants to convince the top brass it’s time to start buying Bitcoin.
MicroStrategy Stock Sets Record as Bitcoin Hits Another All-Time High Price
MicroStrategy is the most actively traded stock Wednesday, with shares hitting a new peak price as Bitcoin too set a fresh all-time high.
Microsoft Buying Bitcoin? Michael Saylor Will Make His Case to the Board
MicroStrategy's Michael Saylor will get 3 minutes to make the case for why Microsoft should begin adding Bitcoin to its treasury.
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