MicroStrategy Boosts Latest Debt-for-Bitcoin Offering to $900M

Do repost and rate:

MicroStrategy has adjusted its latest planned convertible senior note sale to $900 million, adding $300 million to the novel debt issuance model it now semi-regularly employs in order to raise funds to, you guessed it, buy more bitcoin.

  • The business intelligence company reaffirmed Wednesday that it intends to pour the net proceeds of this debt sale into bitcoin buys, perhaps its biggest single dollar-denominated allocation yet.
  • MicroStrategy only yesterday announced the latest offering would seek to raise $600 million.
  • MSTR's pro-bitcoin CEO Michael Saylor has mandated his company follow two distinct business models: 1. develop business intelligence software; 2. buy more bitcoin.
  • The firm has bought 70,784 bitcoin so far, an amount now worth around $3.6 billion.
 https://www.coindesk.com

Regulation and Society adoption

Ждем новостей

Нет новых страниц

Следующая новость

All content provided by the site, hyperlinks, related applications, forums, blogs, social networks and other information is taken from third-party sources and is intended for reference only. We make no warranties with respect to our content, including but not limited to accuracy and timeliness. No part of the content we provide is financial advice, legal advice or any other form of advice intended for any of your personal purpose. Any use of our content is entirely at your own risk. You should conduct your own research, review, analysis and verification of our content before relying on them. Trading is a very risky activity that can lead to large losses, so consult your financial Advisor before making any decision. No content on our site is a public offer or invitation to action.

This resource may contain 18+materials

© 2016-2024