skip to Main Content
bitcoin
Bitcoin (BTC) $ 76,521.50 4.02%
ethereum
Ethereum (ETH) $ 1,465.69 6.90%
tether
Tether (USDT) $ 0.999324 0.06%
xrp
XRP (XRP) $ 1.79 6.91%
bnb
BNB (BNB) $ 553.86 0.45%
usd-coin
USDC (USDC) $ 1.00 0.00%
solana
Solana (SOL) $ 105.09 2.90%
tron
TRON (TRX) $ 0.230404 0.93%
dogecoin
Dogecoin (DOGE) $ 0.142408 5.39%
cardano
Cardano (ADA) $ 0.557949 5.47%

MicroStrategy Raising $400M to Buy More Bitcoin

MicroStrategy CEO Michael Saylor
(CoinDesk archives)

MicroStrategy Plans $400M Raise; Net Proceeds Will Fund More Bitcoin Buys

MicroStrategy said Monday it plans to sell up to $400 million in a convertible senior notes offering that will likely fund yet more bitcoin allocations.

  • The business intelligence company said in a press release it will “invest the net proceeds from the sale in bitcoin in accordance with its Treasury Reserve” after first making way for business expenses.
  • Only “qualified institutional buyers” will be permitted to buy the interest-bearing notes, which mature in five years. MicroStrategy can convert the notes into cash, class A shares or a combination of the two starting in December 2023.
  • Last week, Chief Executive Michael Saylor expanded MicroStrategy’s bitcoin treasury reserve to 40,824 bitcoins.
Loading data ...
Comparison
View chart compare
View table compare
Back To Top