MicroStrategy Plans Major Share Increase to Fund Bitcoin: Bloomberg

Quick Summary:

As per a report from Bloomberg, analysts expect MicroStrategy’s proposal to raise authorized shares to 10.

Despite issuing over $21 billion in shares, only about 43 million have been sold so far.

However, investors would not care in this case as MicroStrategy’s 2,500% gain since adopting its Bitcoin strategy in 2020 has made it a Wall Street favorite, with Bitcoin also skyrocketing nearly 800% in the same period.

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Article Details

Author / Journalist: Nidhi Kolhapur

Category: Crypto

Markets: United States

Topics: Bitcoin News Crypto news

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-17 @ 16:48:57 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 343 words

Reading Time: 2 minutes read

Sentences: 22 lines

Sentence Length: 16 words per sentence (average)

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

Copyright Owner: © Coinpedia

News ID: 25222229

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Official Website: coinpedia.org

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Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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