MicroStrategy plans to raise as much as $750 million by selling more stock, and plans to use the proceeds to buy more bitcoin and fund other uses.
According to MicroStrategy’s latest earnings report, as of July 31, 2023, MicroStrategy’s Bitcoin holdings increased to 152,800, an increase of 12,333 in the second quarter, which is the largest single-quarter increase since the second quarter of 2021. Current price calculations are worth just under $4.5 billion.