Bitcoin

Apple

when

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/microstrategy-boosts-bitcoin-prices-with-new-acquisition-plans/" data-wpel-link="internal">MicroStrategy Boosts Bitcoin Prices with New Acquisition Plans</a> 
<a href="https://en.coin-turk.com/bitcoins-recovery-journey-and-market-dynamics/" data-wpel-link="internal">Bitcoin</a> price started to recover and quickly returned to its price during the US <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a> opening. The reason is quite clear. MicroStrategy mentioned an important detail beyond its new BTC acquisitions in its latest announcement. The company could make a billion-dollar Bitcoin purchase as it has filed a registration statement in this direction. 
<h2 style="text-align: justify" id="why-is-bitcoin-rising">Why Is Bitcoin Rising?</h2> 
The BTC price, which fell to $62,302, is rising sharply in the last 15-minute candles and is about to reclaim $65,000. The reason is surprising but it’s MicroStrategy. Normally, when Saylor’s company buys, BTC falls, but the detail in the latest earnings report supported the rise. Also, the recent better-than-expected earnings report from <a href="https://newslinker.co/category/mobile/apple/" target="_blank" rel="noopener" data-wpel-link="exclude">Apple</a> was supportive. 
MicroStrategy‘s logic is to raise money through debt offerings and use it for company expenses and BTC purchases. Thus, they have reached billions of dollars in BTC reserves and will do more. The latest report announced the registration for a new $2 billion stock offering program. Since a significant portion of this cash will go into BTC, BTC started to rise. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-376308 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/btc-neden-artiyor-.png" alt="" width="1091" height="304"> 
<blockquote> 
 “In the second quarter, we raised another $800 million through our 2032 maturity 2.25% convertible senior note offering and called for redemption of our 2025 maturity $650 million convertible senior notes. Since the beginning of the second quarter, we have increased our Bitcoin holdings by adding 12,222 bitcoins through proceeds from our capital market activities and excess cash. Additionally, earlier this month, we announced a 10-to-1 stock split. We continue to manage our equity tightly and are filing a registration statement for a new $2 billion market stock offering program.” 
</blockquote> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/microstrategy-boosts-bitcoin-prices-with-new-acquisition-plans/" data-wpel-link="internal">MicroStrategy Boosts Bitcoin Prices with New Acquisition Plans</a></h5>
The post <a href="https://en.coin-turk.com/microstrategy-boosts-bitcoin-prices-with-new-acquisition-plans/" data-wpel-link="internal">MicroStrategy Boosts Bitcoin Prices with New Acquisition Plans</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

MicroStrategy Boosts Bitcoin Prices with New Acquisition Plans

Table of Contents

COINTURK NEWS

Other articles published on Aug 1, 2024

Montenegro Court Confirms Do Kwon’s Extradition to South Korea

Hong Kong’s Top Company Announces Big Bitcoin and Ethereum News: 22M Users Affected!

Tether Breaks Records with $5.2 Billion H1 Profit, Surpassing Germany’s US Treasury Holdings

Gemini 1.5 Pro Surpasses GPT-4o and Claude-3 in AI Benchmarks

XRP Price Prediction: Ripple Token Dumps 5% Amid Bull vs Bear Struggle As Analysts Say This Base ...

Cynthia Lummis Officially Introduces Bitcoin Strategic Reserve Bill

Join our free newsletter for daily crypto updates!