MicroStrategy Dey Plan Sell Stock Worth $2.1B to Buy More Bitcoin as BTC Hit Historic $120K High
Bitcoin don sky-high almost $120,000 record price because strong demand from big institutions, wia plenty US Treasury dey sell and people dey worry about money policies. MicroStrategy, wey sabi hold plenty Bitcoin sharp-sharp, talk say dem get deals with three financial companies to collect up to $2.1 billion by selling STRF preferred shares to buy more Bitcoin. This na after dem don dey too dilute shares, borrow before and analysts dey check dem well-well because their Bitcoin stock dey grow fast and losses dey increase. Other tins wey happen na the US House just barely pass tax reforms, Moody’s fit reduce their credit rating, plus Federal Reserve Governor Christopher Waller talk say them fit reduce rate for late 2025 if tariffs no change. Bitcoin Pizza Day, BTC reach new highest level ever, show say e get value for long time. Even tho people dey worry about MicroStrategy valuation and money matter, their strong buying dey show say big institutions dey confident for Bitcoin amid all the wahala for economy.
Bullish
MicroStrategy tok say dem dey issue preferred stock wey worth $2.1 billion to buy more Bitcoin, e dey show say institutional confidence for BTC still dey, even as economic wahala and financial scrutiny still dey. The new record-high BTC price near $120,000, plus the strong accumulation from institutions, dey usually ginger bullish trading sentiment short-term and support the long-term story of Bitcoin as better value store. Although people still get concerns about MicroStrategy’s finances and market valuation, wetin the company dey do show say institutions still dey enter, and this one dey generally push positive price movement for Bitcoin.