Bitcoin24h $81,577.23-0.70%

Ethereum24h $2,430.68-0.98%

BNB24h $721.43-1.18%

XRP24h $1.31-2.40%

Solana24h $104.78-1.54%

TRON24h $0.3355+0.15%

Hyperliquid24h $80.04-1.59%

Zcash24h $1,166.39-5.33%

Dogecoin24h $0.0806-1.90%

Monero24h $560.43-0.95%

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.

MicroStrategy hints at bitcoin bag dump while offloading shares

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.

Michael Saylor, chairman of MicroStrategy, candidly explained why he went all-in on bitcoin… and what happens if the firm goes broke.

With a hawkish Fed and structural risks affecting crypto markets, short-sellers may feel they can short the industry’s weakest links.

With the fallout from FTX’s collapse still being felt, there are signs that, for crypto markets, things may get worse before they get better.