MicroStrategy revealed on Monday that it made another heavy Bitcoin purchase, acquiring 55,500 BTC for $5.4 billion at an average rate of $97,862 per coin.
MicroStrategy announced the acquisition of 55,500 Bitcoin for $5.4 billion. MicroStrategy now holds 386,700 BTC with an average purchase price of $56,761 per Bitcoin . Crypto experts hold opposing views on MicroStrategy using debt note offeringsto purchase Bitcoin . The aggressive purchases have left investors wondering about the long-term implications of its strategy of issuing debts to buy Bitcoin .
Since then, the company has radically increased its holdings, culminating in significant purchases throughout 2024. MicroStrategy also adopted a plan to raise $42 billion over the next three years, which it intends to use in acquiring additional Bitcoin. With the company's increased Bitcoin purchases through debt offerings, several crypto experts are sharing their views on the long-term implications its strategy could have on the crypto market.
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