Shares of MicroStrategy Inc. fell sharply on Monday, dropping over 11%, as Bitcoin dipped below $82,500. The decline followed the company’s announcement of plans to raise up to $21 billion to further increase its Bitcoin reserves.
MicroStrategy, which already holds nearly 500,000 BTC valued at approximately $40 billion, intends to issue a new class of shares called “perpetual strike preferred stock” to fund the expansion. This move comes despite the company reporting a $3 billion loss on its Bitcoin investments since November.
By 11:10 am ET, MicroStrategy’s stock price had plummeted 11.74% to $253.12, reflecting investor unease over the risks tied to its aggressive Bitcoin strategy. The market reaction underscores growing concerns about the volatility and financial impact of large-scale cryptocurrency investments.
Stay tuned to Danchima Media for more updates on this developing story.
- Trading and biohacking
Spread the love Hacking your body to tune your brain for profitable trading. 🔘Hormone checkupMonitor your testosterone and cortisol levels regularly. An… Read more: Trading and biohacking - 🧨 The Reverse Oracle: Why Jim Cramer Keeps Getting It Wrong
Spread the love 💬 When entertainment poses as financial advice, bad predictions become the main event. 📉 Jim Cramer, the bombastic host… Read more: 🧨 The Reverse Oracle: Why Jim Cramer Keeps Getting It Wrong - Tesla’s Driverless Moment Is the Start of a Post-Driving Civilization.
Spread the love 📍Tesla’s newly unveiled robotaxi isn’t just another shiny tech product—it’s a harbinger. A quiet, clean, driverless vehicle that rolled… Read more: Tesla’s Driverless Moment Is the Start of a Post-Driving Civilization. - 💥 AguilaTrades Loses $35 Million in a Fortnight — A Painful Lesson in Overleverage
Spread the love Another name has joined the growing list of firms humbled by the markets. AguilaTrades, a high-leverage trading outfit, has… Read more: 💥 AguilaTrades Loses $35 Million in a Fortnight — A Painful Lesson in Overleverage - A Night of Power and Purpose: When Generations Collide Over Dinner
Spread the love Last night wasn’t just another luxury dinner—it was a rare convergence of influence, legacy, and ambition. In a warmly… Read more: A Night of Power and Purpose: When Generations Collide Over Dinner
