. MicroStrategy to raise funds for $750M Bitcoin purchase.
Microstrategy, a business intelligence firm, is preparing to sell stock to buy up to $750 million in Bitcoin. The firm’s CEO has said that Bitcoin is the “best store of value.
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First Mover Asia: Asia Stocks Open Soft, Bitcoin Jumps Past $30K on MicroStrategy Filing and Despite Fitch Treasury Downgrade
Asian stocks opened mixed Monday, with Bitcoin up over 4% to $30,320 after Microstrategy’s filing for up to $400 million in debt to buy more cryptocurrency and despite Fitch’s downgrade of US Treasury credit rating.