JAKARTA - Tech companies MicroStrategy are again stealing attention with an announcement of its plan to sell shares worth US$2 billion or around Rp32 trillion. Funds from the sale of these shares will be used to strengthen their position as the largest Bitcoin holder in the world.
In a document submitted to the United States Securities and Exchange Commission (SEC), MicroStrategy affirms its commitment to developing the Bitcoin network. Currently, the company has accumulated 226,500 Bitcoins with a value of more than IDR 210 trillion, following market price fluctuations.
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This move reflects MicroStrategy's confidence in the future of cryptocurrencies. However, the company has not specified how much share sales will be allocated to buy Bitcoin and how much will be used for operations.
According to DL News information, despite facing a second-quarter loss of 102.6 million US Dollars (approximately IDR 1.6 trillion), MicroStrategy remains investing heavily in Bitcoin. In June, they even issued bonds worth 500 million US Dollars (approximately IDR 8 trillion) to buy Bitcoin, which then increased to 700 million US Dollars (approximately IDR 11.3 trillion) in a day.
This aggressive move has received the attention of many parties. However, some analysts remain vigilant about the long-term impact, especially regarding financial stability amid the high volatility of the crypto market.
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