MicroStrategy Raises $2 Billion to Fuel Bitcoin Spending
The post MicroStrategy Raises $2 Billion to Fuel Bitcoin Spending appeared on BitcoinEthereumNews.com.
Despite stabilizing above the $100,000 level throughout the second half of January and entering February at $102,196, Bitcoin (BTC) dropped to $93,529 yesterday. However, it managed to recover following the news of additional institutional investment, with its price currently standing at $96,359. As Bitcoin shows potential to soar again, investors are turning to a new presale project that intends to capitalize on the leading cryptocurrency’s success. BTC Bull token (BTCBULL) has already raised over $2.3 million just nine days into its presale, as investors rush to secure their share of the token. The project intends to reward its community as Bitcoin grows, and since the rewards will scale with the amount held by investors, its ICO represents a perfect opportunity to start accumulating BTC Bull token on the ground floor. MicroStrategy’s Upcoming Investment Could See BTC Bull Token’s Roadmap Progress Faster Than Expected MicroStrategy Inc. unveiled it’s now raising $2 billion to purchase more Bitcoin as a part of its plan that will see the company acquire a total of $42 billion worth of Bitcoin by 2027. The company currently holds 478,740 BTC, representing 2.28% of the total 21 million BTC supply. Throughout 2024, the year that saw Bitcoin skyrocket from the $42,000 level to above $100,000, MicroStrategy Inc. purchased 258,320 BTC for $22.07 billion, according to its founder Michael Saylor. As MicroStrategy Inc. prepares to purchase more Bitcoin, BTC Bull Token’s unique roadmap could see the project dish out the first rewards to BTCBULL holders this year. Source: Twitter’s X The project intends to follow Bitcoin’s surge to $250,000 and reward its community each time BTC’s price increases by $25,000. Once Bitcoin hits $150,000 and $200,000, BTC Bull Token intends to airdrop BTC to its holders, with BTCBULL rewards awaiting those who still hold the token when BTC reaches…
Filed under: News - @ February 19, 2025 6:17 pm