Tag: $MicroStrategy

Strategy MSTR +1.69% ‘s losses swelled in the first quarter as the Bitcoin holder’s massive crypto treasury continues to dictate its bottom line.

MicroStrategy is targeting a capital raise of up to $2 billion to continue to strengthen its balance sheet and acquire more Bitcoin, the business software company announced.

Shares of MicroStrategy were higher Monday after Nasdaq announced the bitcoin proxy will join the tech-heavy Nasdaq-100 index.

Bitcoin was rising on Tuesday, but it looks unlikely that the cryptocurrency’s recent red-hot rally will reignite anytime soon.

Bitcoin rose toward $45,500 in early trading, up 7% over the past 24 hours, amid hopes the Securities and Exchange Commission will shortly begin approving Bitcoin exchange-traded funds. It’s the first time the world’s largest cryptocurrency has topped $45,000 since April 2022.