MicroStrategy Inc. has sold approximately 3.7 million shares in an effort to raise funds for its ongoing bitcoin purchases, bringing it halfway towards its initial goal of raising $21 billion through stock sales. The proceeds from this latest sale were used to buy an additional $1.5 billion worth of bitcoin, solidifying the company’s commitment to expanding its holdings. This is MicroStrategy’s fourth consecutive weekly purchase announcement, further indicating the growing importance of crypto in its investment strategy.
Source: https://www.bloomberg.com/news/articles/2024-12-02/microstrategy-makes-fourth-straight-weekly-purchase-of-bitcoin