MicroStrategy, the enterprise software company, is planning to raise up to $2 billion to buy even more Bitcoin.
Boosting Bitcoin Holdings
The company aims to increase its Bitcoin stash in 2025, solidifying its position as a major Bitcoin holder. However, the fundraising, planned for the first three months of 2025, isn’t guaranteed. MicroStrategy says it will only proceed if market conditions are favorable.
Market Dominance
MicroStrategy, along with various ETFs and governments, reportedly owns nearly 31% of all Bitcoin in circulation. The company recently added another 2,138 Bitcoin to its holdings, bringing its total to a whopping 446,400 Bitcoin. At current prices, that’s worth around $43.8 billion, making MicroStrategy the largest corporate Bitcoin owner.
The Bitcoin Market
Bitcoin is currently trading around $98,553.
Disclaimer: This information is for general knowledge only and is not financial advice. Investing in Bitcoin and other cryptocurrencies is risky. Always do your own research before making any investment decisions.
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