BITPRISMIA
Microstrategy unveiled plans to launch a decentralized identity solution at a business presentation, according to an influencer on X.
Share selloff as bitcoin heads to $60,000 helps drive price for top-performing stocks like Coinbase and MicroStrategy lower.
Following its $800 million debt raise last week, Microstrategy is planning to sell an additional $500 million of its debt to snap up more bitcoin.
Michael Saylor's MicroStrategy saw its overall value balloon as the company's bitcoin portfolio appreciated amid rising prices.
The company purchased more of the cryptocurrency as billions of dollars flowed into the spot bitcoin ETFs launched in January.
Michael Saylor's MicroStrategy now holds nearly $4.5 billion in bitcoin after recent acquisition of 467 more coins.