Shares of MicroStrategy (MSTR) fell on Tuesday after the company completed a convertible debt offering. The company says the money from the offering was used to buy more bitcoin (BTC-USD), something Executive Chairman Michael Saylor told Yahoo Finance he was going to do. The move comes as bitcoin falls from its record highs.
In the video above, Yahoo Finance’s David Hollerith discusses MicroStrategy’s bitcoin strategy.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor’s note: This article was written by Stephanie Mikulich.
