MicroStrategy Inc in a report on Tuesday reported that their company will issue a debt letter that will raise $ 600 million through the sale of the instrument and use the proceeds to buy more bitcoin. The company informed that it will increase revenue and as an initiative to increase investment in crypto.
Shares of MicroStrategy, which is one of the world's largest companies in the business and trading sectors, has recorded a 4% increase in shares since this report was announced. The price of Bitcoin also continued to soar to almost $ 50,000.
CEO Michael Saylor has become one of the crypto enthusiasts and expressed his full support for Bitcoin. Bitcoin has made him even more excited as its value continues to rise.
Previously, Tesla Inc company owner Elon Musk had also taken drastic measures by announcing the purchase of $ 1.5 billion worth of bitcoin, prompting other companies to join.
At the same time, the Bitcoin (BTC) price forecast will reach $ 250,000 this July, followed by a bullish move by some altcoins.
