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MicroStrategy Goes Long on BTC

Why are Nigerians Big on Bitcoin and Its cousins? - Tekedia

Some continue to believe and MicroStrategy on a roll: "Following MicroStrategy Inc. looking to raise $400 million to increase its Bitcoin holdings, it boosted the size of its recent bond sale announced on Monday to fund the purchase of more Bitcoin to $500 million. After the initial $400 million bond sale was announced, the company received about $1.6 billion in orders for the offering, including interest from a large number of hedge funds, according to people with knowledge of the marketing process, who asked not to be identified discussing a private transaction. This strong demand comes as the value of Bitcoin seems to be dwindling southward."