MicroStrategy’s Still Focused on its Bitcoin Bets

MicroStrategy is looking to use cash from a stock sale to buy more bitcoin. 

Michael Saylor, former CEO, may not be at the helm of the company anymore–though he is transitioning to executive chairman–but the company still seems focused on its bitcoin strategy.

The company has raked up 129,699 bitcoin for an aggregated purchase price of $3.9 billion, though crypto winter has dropped that by $1 billion.

On top of the chilly crypto season, Saylor is facing a tax fraud lawsuit from the Attorney General of Washington D.C. 

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