MicroStrategy plans to spend $8.4 billion to increase its Bitcoin holdings
2025-05-02 12:44
Odaily News MicroStrategy announced the "42/42 Plan", which plans to raise $8.4 billion in the next two years to buy Bitcoin, following last year's "21/21 Plan" of $4.2 billion in investment. The company lost $4.23 billion ($16.49 per share) in the first quarter, and revenue fell 3.6% to $111.1 million, which was lower than expected.
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