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MicroStrategy's (MSTR) ambitious plan to buy $42 billion more worth of bitcoin (BTC) is not without risks, CoinShares said in a research blog Monday.
The company, founded by Michael Saylor, announced a $21 billion at-the-money offering of its own stock last week to raise capital to buy more bitcoin. This is part of a larger plan to buy another $42 billion of the world's largest crypto over the next three years.
MicroStrategy's ability to successfully ute on its bitcoin acquisition plan is