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MicroStrategy Doubles Down: $2B Preferred Stock Sale Fuels Bitcoin Buying Spree
MicroStrategy Doubles Down: $2B Preferred Stock Sale Fuels Bitcoin Buying Spree
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Wall Street's favorite corporate bitcoin whale just got hungrier. MicroStrategy—the enterprise software firm that morphed into a crypto investment vehicle—is turbocharging its war chest with a $2 billion preferred stock offering.
Why? To buy more bitcoin, obviously.
The move comes as institutional FOMO reaches fever pitch. With its existing 190,000 BTC hoard already worth over $12 billion, Saylor's company isn't just dipping toes—it's doing cannonballs into the digital asset pool.
Meanwhile, traditional finance analysts clutch their pearls: 'But the volatility!' they cry, between sips of $8 artisanal coffee paid for by 2% cash-back rewards.
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