MicroStrategy is not selling shares to buy $3 trillion in Bitcoin, debunking a rumor

From Investing.com

December 24, 2024 3:00:19 pm:

MicroStrategy (MSTR) is rumored to issue 10 billion shares to buy $3 trillion in Bitcoin (BTC). Analyst Jeff Park dismisses the idea as unrealistic due to the huge amount involved, exceeding Bitcoin’s market cap. Park also addresses concerns about MSTR’s ties to Bitcoin’s value and advises against being bearish on the company. As of now, BTC is up 3.95% at $97,548.

Read more at Investing.com: No, MicroStrategy Not Selling 10 Billion Shares to Buy Bitcoin By U.Today