๐ Update: MicroStrategy's $110 Million Bitcoin Funding Does Not Involve Selling Michael Saylor's Personal Shares! ๐
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๐ฐ Funding Source:
Michael Saylor did not sell any of his personal shares in MicroStrategy to finance the company's recent $110 million Bitcoin purchase.
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๐ก Reliance on ATM Programs:
Instead, the proceeds from the purchase came entirely from "at-the-market" sales of the company's preferred shares, as part of its capital-raising programs.
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๐ Importance:
This move indicates MicroStrategy's ongoing strategy of using institutional financing mechanisms to support large Bitcoin purchases, reinforcing its commitment to Bitcoin as a primary reserve asset without the need to liquidate major shareholder holdings.
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๐ค How important is MicroStrategy's funding method for Bitcoin purchases in enhancing market confidence?
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