Saylor's Strategy Raises $21 Billion to Buy More Bitcoin

Michael Saylor's Strategy has announced a $21 billion at-the-market offering of Series A preferred stock. The proceeds are intended primarily for purchasing additional Bitcoin (BTC). This announcement has provided a slight boost to BTC’s price, which recently experienced a dip during a tumultuous trading period. With nearly 500,000 BTC in its possession, Saylor's company remains the largest corporate Bitcoin holder, valued at approximately $42 billion at current prices. This move indicates continued confidence in Bitcoin despite market fluctuations.