Express

MicroStrategy to Raise $2 Billion, Benchmark Maintains Bullish Outlook

Mary Liu

Summary: MicroStrategy, a major investor in Bitcoin, plans to raise up to $2 billion by issuing preferred stock. This move will allow the company to continue buying more Bitcoin.    Investment bank Benchmark is bullish on MicroStrategy, maintaining a "buy" rating with a price target of $650.    MicroStrategy currently holds over 450,000 Bitcoins. They will ...

MicroStrategy, a major investor in Bitcoin, plans to raise up to $2 billion by issuing preferred stock. This move will allow the company to continue buying more Bitcoin.   

Investment bank Benchmark is bullish on MicroStrategy, maintaining a "buy" rating with a price target of $650.   

MicroStrategy currently holds over 450,000 Bitcoins. They will hold a shareholder meeting on January 21st to vote on increasing the number of shares they can issue.   

This news comes as the company prepares to release its fourth-quarter earnings on February 4th.

Last Update:

Tags: ,,
Link: MicroStrategy to Raise $2 Billion, Benchmark Maintains Bullish Outlook   [Copy]
Next:

Related Articles

  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 2 hours ago
  • Can a $300M RWA Fund Save Avalanche's TVL? 23 hours ago
  • Trump Adviser's "Whale Debut" with $680M Bitcoin Bet Faces Early Losses 2 days ago
  • S&P 500 Enters Key Turning Point Window; A Cautious "Wait-and-See" Approach is Adv... 4 days ago
  • Why a "One-Size-Fits-All" Approach to Stablecoin Issuance Fails Given Diverse Fiat Curr... 5 days ago

    • You need to login to comment.