The company intends to use the funds obtained from the offering to acquire further bitcoin (BTC).
Only a few days ago, the business successfully completed a convertible debt raise of $800 million, which was an increase from the initial target of $600 million
The funds from this raise, together with some dollars that were already in the bank, were used to purchase an additional 12,000 bitcoins for a total of $821.7 million.
At the time of that purchase, MicroStrategy's stack consisted of 205,000 bitcoins, which were currently valued at just under $15 billion. With the revenues from this most recent selling,
the corporation would be able to purchase somewhere in the neighborhood of 6,800 additional tokens, presuming that bitcoin continues to hover around its current level of $73,000.
After reaching an all-time high of $1,766 at the closing of the regular session, MSTR shares have experienced a little decline in after-hours trading.
During the regular session, the stock gained 10.85%. In tandem with the surge of bitcoin to a new all-time high of more than $73,000, the stock has now increased by 158% year-to-date.
follow for more updates