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To Increase The Position Of Bitcoin, MicroStrategy Lifts Up Notes Offering From $400M To $550M
Summary: The listed company MicroStrategy announced today that it will increase the issuance of convertible senior notes from the previous $400 million to $550 million, with an annual interest rate of 0.750%. As before, the net proceeds from the sale will still be invested in Bitcoin. MicroStrategy estimates that after deducting discounts and commissions from the ...
The listed company MicroStrategy announced today that it will increase the issuance of convertible senior notes from the previous $400 million to $550 million, with an annual interest rate of 0.750%. As before, the net proceeds from the sale will still be invested in Bitcoin.
MicroStrategy estimates that after deducting discounts and commissions from the initial purchaser and estimated issuance costs, the net proceeds from the sale will be approximately $537.2 million (or approximately $634.9 million if the initial purchaser fully exercises its option to purchase additional notes). Bitpush previously reported that Citibank downgraded its stock rating due to its excessive focus on Bitcoin.
By Mary Liu
Tags: Bitcoin,Citibank,Convertible Notes,MicroStrategy,Stock
Link: To Increase The Position Of Bitcoin, MicroStrategy Lifts Up Notes Offering From $400M To $550M [Copy]
