MicroStrategy is considering selling up to $750 million of shares to buy more Bitcoin (BTC).
MicroStrategy, the leading name of technology companies, announced that it bought 467 Bitcoins with an average of $ 30,835 last night. MicroStrategy, not only with the purchase of BTC in July, is taking action to increase the number of its holdings. The company, which plans to sell up to 750 million dollars of shares for the purchase of BTC, submitted its application to the US Securities and Exchange Commission (SEC).
The company aims to expand its Bitcoin portfolio
Known for its Bitcoin maximalism, MicroStrategy became the agenda again with the purchase announcement it made last night. MicroStrategy, which holds the most BTC compared to other companies, wants to further expand its portfolio. The company, which currently owns 152,800 BTC, continues its new BTC purchase plan, with a share sale of $ 750 million.
Andrew Kang, director of finance at MicroStrategy, stated that his firm has raised capital through its equity program to increase the number of Bitcoins. MicroStrategy, which is among the well-known companies of the crypto industry, has moved the BTC price directly to $ 30,000 with these consecutive positive news.
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