CandleFocus 'Thank You, Satoshi': Michael Saylor Reveals Epic $21 Billion Move
2024-10-31
Author: Content Editor
MicroStrategy CEO Michael Saylor publicly thanked Satoshi Nakamoto on the 16th anniversary of the Bitcoin Whitepaper release. Along with his message, Saylor shared a screenshot of MicroStrategy's stock prospectus, indicating the company's plan to raise $21 billion through the sale of Class A common stock. The funds raised will be used to buy more Bitcoin, potentially doubling MicroStrategy's current investment of nearly $10 billion in BTC. However, the prospectus also mentions the possibility of having to convert purchased BTC into cash at a lower value due to future price fluctuations.
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