CEO who renamed his company after Bitcoin just raised $2.5B - here's why
Key Points
- The company formerly known as MicroStrategy, now called Stra...
The company formerly known as MicroStrategy just pulled off the year's biggest IPO by raising $2.5 billion to buy more Bitcoin. Yes, they literally renamed themselves "Strategy" because apparently subtlety isn't part of their, well, strategy.
Michael Saylor's Bitcoin-obsessed company used that fresh cash to scoop up 21,021 Bitcoin at an average price of $117,256 each. For those keeping score at home, that brings their total Bitcoin stash to a whopping 628,791 BTC - making them the undisputed Bitcoin hoarder champions among U.S. public companies.
**When Your Investment Strategy Becomes Your I...
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