skip to Main Content
bitcoin
Bitcoin (BTC) $ 94,679.37 0.13%
ethereum
Ethereum (ETH) $ 1,816.39 0.64%
tether
Tether (USDT) $ 1.00 0.00%
xrp
XRP (XRP) $ 2.28 0.10%
bnb
BNB (BNB) $ 610.00 0.55%
solana
Solana (SOL) $ 147.95 1.74%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.179278 0.92%
cardano
Cardano (ADA) $ 0.710193 1.06%
tron
TRON (TRX) $ 0.247536 0.54%

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

The firm has already bought 70,784 bitcoin, an amount now worth around $3.6 billion.

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

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. It projects the net proceeds of this sale to come in around $879 million.
Loading data ...
Comparison
View chart compare
View table compare
Back To Top