MicroStrategy eyes $750M stock sale, likely to buy more bitcoin
MicroStategy claimed in December that it would sell its bitcoin before offloading more shares. Since then, it's sold $339 million in shares.
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MicroStategy claimed in December that it would sell its bitcoin before offloading more shares. Since then, it's sold $339 million in shares.
Read more (2 min) →MicroStrategy says revenues from its analytics business may not be enough to pay its debts and it may have to sell its bitcoin or more shares.
According to BlockchainCentre.net, MicroStrategy’s 130,000 bitcoins are worth $2.7B — impressive if it hadn’t spent $4B on acquiring them.
The Attorney General of Washington DC is suing Bitcoin evangelist and MicroStrategy Chairman Michael Saylor, alleging tax fraud.
The company has spent nearly $4 billion on 130,000 bitcoins in the past two years at an average purchase price of more than $30,700.