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At the time of writing, BTC was down 0.15% in the last 24 hours to $69,470 after reaching highs of $73,600 in Tuesday's trading session. The meteoric rise inMicroStrategy prides itself on being the largest public corporate holder of Bitcoin, with around $18 billion on its financial sheet. Now, MicroStrategy intends to increase its holdings by selling up to $42 billion in equity and fixed-income instruments.
MicroStrategy claims it has hired banks to assist it in raising $42 billion through the sale of additional shares and fixed income to buy more Bitcoin following a flurry of transactions over the last year.The enterprise software company says it has hired a number of banks to sell stock in an at-the-market offering that could fetch it $21 billion, while also planning sales of fixed-income instruments that might generate the same amount.
Notably, MicroStrategy has raised billions of dollars over the last year through the sale of convertible senior notes as well as shares that its bankers can sell into the market to increase its Bitcoin stockpile.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.
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