MicroStrategy's $4.6B Bitcoin Bet Raises Liquidation Concerns
TL;DR Summary
MicroStrategy Inc. has purchased a record $4.6 billion worth of Bitcoin, acquiring about 51,780 Bitcoins in a week, as part of its strategy to use capital markets to boost its cryptocurrency holdings. This follows previous acquisitions, bringing the company's total Bitcoin holdings to approximately $30 billion.
- MicroStrategy Buys $4.6 Billion of Bitcoin in Largest Purchase Bloomberg
- MicroStrategy Taps Stock Market to Fund Record Bitcoin Buy Yahoo Finance
- Michael Saylor's MicroStrategy Added Additional 51,780 Bitcoin for $4.6B CoinDesk
- ‘Infinite Money Glitch’ Putting MicroStrategy at Risk of Liquidation, According to BitMEX Research The Daily Hodl
- Is It Too Late to Buy MicroStrategy Stock? The Motley Fool
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