Express

MicroStrategy Plans To Buy More BTC Through Net Proceeds Of $400M Convertible Notes

Mary Liu

Summary: The business intelligence company MicroStrategy announced on Monday that it plans to privately issue a total of $400 million in convertible senior notes to eligible institutional investors. The company will follow the Securities Act of 1933 (Rule 144A) and Treasury Reserve Policy to invest the net proceeds from the sale in Bitcoin. Bitpush previously reported that ...

The business intelligence company MicroStrategy announced on Monday that it plans to privately issue a total of $400 million in convertible senior notes to eligible institutional investors. The company will follow the Securities Act of 1933 (Rule 144A) and Treasury Reserve Policy to invest the net proceeds from the sale in Bitcoin. Bitpush previously reported that MicroStrategy currently holds more than 40,000 Bitcoins.

By Mary Liu

Last Update:

Tags: ,,
Link: MicroStrategy Plans To Buy More BTC Through Net Proceeds Of $400M Convertible Notes   [Copy]
Next:

Related Articles

  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 8 hours ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 7 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 11 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 14 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 18 days ago

    • You need to login to comment.