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.
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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.
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