Continue going all-in on Bitcoin! Strategy announces ATM stock sale to raise $42 billion
MicroStrategy (MSTR) plans to raise $42 billion through a new at-the-market offering program, selling common and preferred stock to accelerate Bitcoin purchases. Recently, the company spent $76.6 million to acquire 1,031 Bitcoin. However, the company currently has paper losses exceeding $3.2 billion, and high dividend pressure coupled with limited cash reserves raise concerns about future financial risks.