MicroStrategy Bolsters Liquidity with $748 Million Capital Raise
MicroStrategy has increased its cash reserves to $2.19 billion following a successful $748 million stock offering. Analysis from TD Cowen indicates this liquidity strengthens the firm’s operational stability, covering interest and dividend obligations for approximately 32 months. This move prepares the company for a potential prolonged downturn in the crypto market. While the stock has seen a decline this year, analysts maintain a buy rating with a $500 price target.$BTC
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