Breaking: MicroStrategy Announces Plan To Raise $42B To Buy More Bitcoin

Quick Summary:

MicroStrategy has announced its plans to raise more capital to purchase more Bitcoin over the next three years and boost its Bitcoin strategy.

This comes as the company’s co-founder Michael Saylor agreed with Donald Trump’s statement that Bitcoin is money and shouldn’t be subject to capital gains tax.

This funds will comprise of $21 billion of equity and $21 billion of fixed income securities.

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Article Details

Author / Journalist: Boluwatife Adeyemi

Category: Crypto

Markets: India

Topics: 24/7 Cryptocurrency News MicroStrategy Bitcoin Bitcoin News Microstrategy Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 20:16:03 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 178 words

Reading Time: 1 minutes read

Sentences: 32 lines

Sentence Length: 6 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23342147

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

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