MicroStrategy Increases Debt Offering to $2.6B; Now Among Top 100 U.S. Public Companies
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MicroStrategy Increases Debt Offering to $2.6B; Now Among Top 100 U.S. Public Companies

MicroStrategy's remarkable ascent showcases its nearly $100 billion market equivalent, spurred by an impressive rise in Bitcoin prices.

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MicroStrategy has entered the top 100 publicly traded companies by market capitalization in the United States, now valued close to $100 billion.

  • Shares increased by 6% premarket after Bitcoin surged to a new record high, prompting the company to increase its latest debt offering to $2.6 billion from $1.75 billion.

Self-described as a Bitcoin development company, MicroStrategy has climbed 29 positions in the market due to a strong 12% price increase, resulting in $400+ per share. This rally coincided with Bitcoin reaching a lifetime peak of over $94,000.

On November 18, MicroStrategy held 331,200 Bitcoin, valued at over $30 billion, contributing to its market capitalization growth.

“For the latest offering, proceeds are designated for purchasing additional Bitcoin.”

“Latest offering will maximize our investment potential.”

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