Even if the news may catch you by surprise, #mstr is very familiar with #btc. Their former CEO only thinks of BTC as real crypto where the rest has few value for him. In part 2020 all the way to 2022 #microstrategy is the company that put crypto on their back. Mr. Saylor is no longer the CEO, this adventure of acquiring BTC is still fresh in the mind of the board.
To this day having crypto in your portfolio is a good deal. The expectation may not be transcending, I may say a quick edge against inflation but it stood the pressure of time. There was a prospectus dated since June of 2022, the company feels the need to let us know they want to get more BTC from a sale of stock around $500 million. This is a lot of funds that make be used for BTC.
So far they only invest in BTC knowing this is where the value resides. I did look at the paper filed with the SEC where there is a possibility to invest this amount in crypto. I am not sure if this news prompted BTC to rise but it is a double sword knowing any news tends to fit crypto fairly.
Lately you do not hear other companies making such move with crypto.
The economy is not helping with depressing inflation where you can lose your fund quicker than making advancement. SO far #mstr has not sell any where #tesla did. If we are looking for support we know too well where it will come for crypto holders. At the same timing owning #microstrategy shares are like holding btc on the stock market.
Hope great success for their behavior and continue to show belief in blockchain technology.
Here you can check the supplement of the prospectus
https://www.sec.gov/Archives/edgar/data/1050446/000119312522241978/d359206d424b5.htm