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Michael Saylor Doubles Down: MicroStrategy’s $2.4B Bitcoin Bet Fueled by Preferred Stock Windfall
Michael Saylor Doubles Down: MicroStrategy’s $2.4B Bitcoin Bet Fueled by Preferred Stock Windfall
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MicroStrategy just went all-in—again. The enterprise software-turned-crypto juggernaut dropped another $2.4 billion on Bitcoin, bankrolled entirely by its latest preferred stock offering. Because when your stock trades like a BTC ETF, why not double down?
Wall Street blinked. The move marks Saylor's largest single BTC purchase since 2024's halving frenzy—proving even traditional finance can't resist the siren song of digital scarcity (though they'll still charge you 2% for the privilege).
This isn't hedging. It's a full-scale corporate pivot to a Bitcoin standard—one that's either visionary or recklessly early, depending which economist you ask after their third martini.
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