We present a new improved design of the self-grounded dual-polarized wideband bowtie antenna for MIMO application. The antenna is evaluated for the case when the original four ports are combined to two orthogonally polarized ports. The new antenna covers the previous bandwidth but has lower gain and wider beamwidth over the frequency band of interest. The 2×2 MIMO performance of the antenna in Random-Line of Sight (Random-LOS) is evaluated for two bitstreams using the threshold receiver model and Zero-Forcing receiver. The simulated results show an improvement in terms of MIMO multiplexing coverage over a hemisphere for two bitstreams, compared to the previous solution.