MicroStrategy plans to raise $400 million to buy more bitcoin - Business Insider

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MicroStrategy plans to raise $400 million to buy more bitcoin

that his venture into bitcoin emerged from the realization that the company's $500 million cash pile was shrinking as an effect of federal stimulus measures eroding the value of dollars.

"What we're trying to do is preserve our treasury," he said. "The purchasing power of the cash is debasing rapidly." Bitcoin has had a historic ride this year as the pandemic continues to fan fears of inflation, hitting anMarket wizard Chris Camillo grew his trading account by $9.7 million in 2020. Here's the simple strategy he's using to mint millions.Start your day knowing what traders are talking about.

 

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