MicroStrategy's stock experienced a significant decline of 16.2%, even as Bitcoin prices soared to new heights near $100,000. Despite this downturn, MicroStrategy successfully completed a $3 billion offering of 0% convertible senior notes.
The company's ambitious plans aim to raise an impressive $42 billion over the next three years for the sole purpose of purchasing Bitcoin. Currently, MicroStrategy holds a substantial amount of Bitcoin, approximately 331,200 units, which is valued at over $32.7 billion.
Interestingly, the trading volume of MicroStrategy's stock surpassed that of other major companies such as Nvidia and Tesla, highlighting significant investor interest and activity surrounding the company's financial strategies and Bitcoin investment pursuits.
