welcome
CoinGape

CoinGape

Business

Business & Economics

MicroStrategy to raise $21 billion to buy more Bitcoin

CoinGape
Summary
Nutrition label

55% Informative

MicroStrategy , now known as Strategy, has announced plans to raise $21 billion to buy more Bitcoin .

The company intends to offer its preferred stock to raise this capital for its BTC acquisition plans.

Michael Saylor’s company currently holds 499,096 bitcoins, which it acquired for $33.1 billion .

This development comes just a week after Strategy announced that it failed to buy Bitcoin the prior week .

VR Score

31

Informative language

21

Neutral language

41

Article tone

formal

Language

English

Language complexity

47

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

Affiliate links

no affiliate links

Small business owner?

Otherweb launches Autoblogger—a revolutionary way to bring more leads to any small business, using the power of AI.