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MicroStrategy Brought In $650 Million From Convertible Senior Note Sale To Buy More Bitcoin
Summary: The listed company MicroStrategy has just announced that it has completed the issuance of $650 million convertible senior notes, maturing in 2050, with an interest rate of 0.750%. The company said that after deducting discounts and commissions from the original purchaser and the estimated issuance fees payable by MicroStrategy, the estimated net proceeds will be ...
The listed company MicroStrategy has just announced that it has completed the issuance of $650 million convertible senior notes, maturing in 2050, with an interest rate of 0.750%. The company said that after deducting discounts and commissions from the original purchaser and the estimated issuance fees payable by MicroStrategy, the estimated net proceeds will be approximately $634.9 million. MicroStrategy intends to invest the net proceeds in Bitcoin.
Bitpush previously reported that MicroStrategy lifts up the offer from the previous $400 million to $550 million, today's amount is another huge boost from the recent one.
By Mary Liu
Tags: Bitcoin,Convertible Notes,MicroStrategy
Link: MicroStrategy Brought In $650 Million From Convertible Senior Note Sale To Buy More Bitcoin [Copy]
