Analysis: MicroStrategy's fundraising attracts attention, leveraging bets on Bitcoin value may pose risks

ChainCatcher news, according to Jin10, MicroStrategy today purchased $2.1 billion worth of Bitcoin, while the company sold a combination of stocks and fixed-income securities to fund the rapidly increasing purchases, which has drawn increasing attention. This marks the company's fifth consecutive Monday announcing the purchase of digital assets.

The company's co-founder and chairman Michael Saylor decided that this small business software manufacturer needed to take a different path to survival, as the Bitcoin he has accumulated over the past four years is now worth over $41 billion.

In October of this year, he announced plans to raise $42 billion over the next three years through selling stocks in the market and issuing convertible bonds, thereby accelerating its strategic shift. The current danger is that the massive rebound in cryptocurrency over the past year may reverse, in which case leveraged bets on its value could have serious consequences for its owners.