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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

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