Under the leadership of chairman and CEO Michael Saylor, MicroStrategy became an early adopter of companies buying bitcoin as an investment. The raise is Micorostrategy's business strategy of buying as much bitcoin as it can. "MicroStrategy intends to use the net proceeds from the sale of the notes to acquire additional bitcoin. " the company said.
The company has been raising money for the sole purpose of buying bitcoins.
What Has MicroStrategy Been Up To?
MicroStrategy has been one of the most vocal proponents of Bitcoin, owning 71,039 of the coins already. Under the leadership of chairman and CEO Michael Saylor, MicroStrategy
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