Saylor’s MicroStrategy plans $750M stock sale, possibly buying more Bitcoin

” As with previous programs, we might utilize the profits for basic business purposes, which consist of the purchase of Bitcoin as well as the repurchase or payment of our outstanding financial obligation,” said MicroStrategy CFO Andrew Kang throughout a second-quarter earnings call. “Our goal is to find methods to create incremental bitcoin for our shareholders and do that with either money flow from the business or do it through intelligent accretive fundings of equity or financial obligation or other smart operations,” stated MicroStrategy chairman Michael Saylor to financiers on Aug. 1. Source: Cointelegraph Markets ProShares in MicroStrategy have actually benefited significantly from the continuous Bitcoin rally, having now risen almost 200% since the start of this year.

@cryptadamist @universeodon. com (@Cryptadamist) August 1, 2023