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Bitcoin Surges Past $79K as MicroStrategy Unveils $1.6B Dry Powder

Benzinga Read original source (opens in a new tab)
The Story

News Summary

  • MicroStrategy bolstered its reserves with a new $1.59 billion liquidity pool funded via share sales, unlocking fresh capital to acquire additional Bitcoin.
  • The move comes as Bitcoin surged past $79,000, lifting the company's massive 840,447 BTC treasury into roughly $2.4 billion in paper profits.
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