MicroStrategy's Aggressive Bitcoin Acquisition
MicroStrategy, rebranded as "Strategy," has raised an additional $584 million through preferred stock sales, aiming to invest $42 billion in Bitcoin over the next three years.
The company recently acquired 218,887 bitcoins for $20.5 billion, marking its largest quarterly purchase.
Currently, Strategy holds 471,107 bitcoins, valued at approximately $45.65 billion.
Despite a net loss of $670.8 million last quarter, the firm remains committed to its Bitcoin-centric strategy.
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