MicroStrategy Stock Jumps On Latest Bitcoin Buy, Capital Raising Plans

Key TakeawaysMicroStrategy shares rose as the company bought an additional $101 million worth of bitcoin last week.The company now owns approximately 447,470 bitcoins on its books, worth roughly$45 billion at current prices.MicroStrategy announced a plan to raise $2 billion in capital over the next three years, furthering it strategy to raise$42 billion via equity and debt to purchase bitcoin. Shares of MicroStrategy (MSTR) rose Monday as one of the largest corporate holders of bitcoin (BTCUSD) added to i ...