💸$BTC Bitcoin 70k when microstrategy sells its btc?🤑👀

MicroStrategy announced the acquisition of 10,107 bitcoins for approximately $1.1 billion, bringing its holdings to a total of 471,107 units of the cryptocurrency. To finance this purchase, the company issued approximately 2.76 million shares. In addition, it obtained shareholder approval to increase the number of authorized Class A common shares to 10.3 billion and preferred shares to 1 billion, along with the announcement of an offering of 2.5 million shares of Series A Perpetual Strike Preferred Stock. While this aggressive strategy has inspired other companies to consider bitcoin as a treasury asset, it has also drawn criticism due to its heavy use of debt to finance acquisitions.