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.
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.”
