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

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Malaysia News News

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines