Strategy’s big bet: $2.8B stock offering to acquire 25K more Bitcoin

Key Points

1. MicroStrategy expanded its preferred stock offering from $500 million to $2.8 billion to fund additional Bitcoin purchases.

2. The firm holds 607,770 BTC, valued at over $70 billion, and has been a pioneer in corporate Bitcoin treasury strategies.

3. MicroStrategy has over $8 billion in total debt, with $3.65 billion maturing by mid-2028, raising concerns about leveraged debt risks.

4. Critics warn that excessive debt for Bitcoin acquisitions could increase exposure to crypto and traditional financial market risks.

5. Despite recent stock and Bitcoin price declines, MicroStrategy's stock is up 72% from its April low.