Bitcoin

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<ul class="news-points"> 
 <li>MicroStrategy’s quarterly earning report stated that the firm has a net income of $22.2 million in Q2.</li> 
 <li>The income marks a substantial surge from the last year’s loss of $1.2 billion.</li> 
 <li>The firm also revealed its plans to buy more Bitcoins, raising around $750 million by selling stocks.</li> 
</ul> 
MicroStrategy, Michael Saylor’s business intelligence firm, revealed its plans to raise about $750 million by selling stocks to add more Bitcoins to the current portfolio which holds a total of 152,800 BTC, worth $4.53 billion. Additionally, in the second quarterly earnings report, the platform noted the company’s net income of $22.2 million, marking a massive jump from the last year’s loss of $1.1 billion. 
In a recent filing to the <a href="https://coinedition.com/tag/sec/" rel="noopener noreferrer nofollow">Securities and Exchange Commission (SEC)</a>, MicroStrategy declared that the platform intends to strengthen its Bitcoin portfolio by adding more BTC coins, following which the cryptocurrency experienced an astounding hike. The statement read: 
<blockquote class="wp-block-quote"> 
 We may offer and sell shares of our class A common stock having an aggregate offering price of up to $750,000,000 from time to time through one or more of the Agents, acting as our sales agents. 
</blockquote> 
Ea… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/microstrategy-releases-q2-report-plans-to-buy-more-bitcoins/">MicroStrategy Releases Q2 Report; Plans to Buy More Bitcoins</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

MicroStrategy Releases Q2 Report; Plans to Buy More Bitcoins

Coin Edition

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