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No, MicroStrategy Not Selling 10 Billion Shares to Buy Bitcoin
According to recent reports and statements from the company’s CEO, Michael Saylor, MicroStrategy has multiple capital extension strategies and additional levers to win in the broader market. This comes as a response to speculations that the company would be forced to sell 10 billion shares of its own stock to buy more Bitcoin.
Despite the recent plunge in Bitcoin’s value to $30,000, many investors are skeptical about MicroStrategy’s ability to withstand such a drastic drop. However, Saylor remains adamant that the company has sufficient capital extension strategies and additional levers to continue investing in Bitcoin despite any market fluctuations.
As per the report, Park emphasizes that MicroStrategy is not selling 10 billion shares of its stock to buy more Bitcoin. Instead, they are focused on exploring other opportunities and diversifying their portfolio.
It’s essential for investors to avoid being bearish with MSTR every time the price of Bitcoin drops. As Park highlights, there are many potential benefits in this scenario that investors can seize to capitalize on the market dynamics.
For instance, he notes that the current crypto market rebound, which has seen a 3.95% increase in BTC prices to $97,548, could be an opportunity for savvy investors to buy in at cheaper rates.
Source: u.today
