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MicroStrategy Files to Sell Up to $500M of Stock to Fund Bitcoin Purchases

by Nelson Wang
September 10, 2022
in Cryptocurrency
Reading Time: 1 min read
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MicroStrategy’s inventory has, because of this, turn out to be tethered to the value of bitcoin – leading to a $1.2 billion loss on the bitcoin guess given this yr’s plunge. However the shares surged 12% Friday as bitcoin jumped nearly 10%. The inventory fell about 1.5%, although, in after-hours buying and selling following the announcement of the inventory providing, which is able to dilute the worth of current shares.



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Tags: 500mBitcoinfilesfundMicroStrategyPurchasesSellStock
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