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MicroStrategy is raising $250 million through a new preferred stock offering to increase its Bitcoin holdings, now totaling 471,107 BTC valued at over $48 billion. CEO Michael Saylor is adamant about building an empire around Bitcoin, despite recent stock price declines and market uncertainties. With a strategic focus on leveraging and accumulating Bitcoin, MicroStrategy’s aggressive approach to crypto investment raises questions about its long-term success in the volatile market.
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