MicroStrategy

MicroStrategy made news by not buying bitcoin in the latest week, marking its first pause in three months.

The company, doing business as Strategy, sold nearly one million of its shares to the public so it could use the money to buy more bitcoin on the dip.

Key Takeaways MicroStrategy shareholders approved the increase in authorized shares to fund Bitcoin acquisitions. The company now holds over $48 billion in Bitcoin, representing more than 2% of the total…

If bitcoin goes to the moon, a niche group of convertible-bond investors will win out. If the crypto tanks, they can ask for their money back early.