Today's News
🔥 MicroStrategy plans to raise $44.1 billion to accelerate Bitcoin accumulation
MicroStrategy aims to raise $44.1 billion through a stock issuance, including $21 billion in common stock, $21 billion in preferred stock STRC, and $2.1 billion in STRK offerings, to fund further Bitcoin purchases. This aggressive move comes despite the company facing an unrealized loss of $3.8 billion on its Bitcoin holdings.
⚡ BlackRock expects annual revenues of $500 million from its cryptocurrency division
BlackRock's CEO, Larry Fink, expects the company's cryptocurrency division to generate annual revenues of around $500 million over the next five years. He emphasized that BlackRock manages over $100 billion in crypto assets, highlighting the growing institutional interest and potential in the digital assets space.
