$600 Million: MicroStrategy Announces Plan to Raise Money to Buy More Bitcoin

Bitcoin has seen some mixed price action over the past couple of days, first seeing a massive selloff before testing new highs of over $50,000 The cryptocurrency has since erased these highs and plunged lower, with bulls failing to take firm control of its price action This has taken a toll on altcoins, with many seeing notable losses as the benchmark crypto continues regaining some recently lost market dominance Although its price action may look shaky in the short-term, one white swan that could help boost the cryptocurrency is another massive purchase from MicroStrategy The company announced today their plans to have a private offering convertible senior notes with the intention of raising $600 million All of this money would be put towards acquiring additional Bitcoin It has been a relatively rough past few days for Bitcoin, with the cryptocurrency’s price action growing increasingly heavy as it struggles to break…

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