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MicroStrategy Raised Over $1 Billion To Accumulate More Bitcoin
Summary: MicroStrategy today announced the close of $1.05 billion convertible senior notes issuance with a coupon of 0% and a conversion premium of 50%. The proceeds will be used to accumulate its growing Bitcoin reserves. The announcement stated: "MicroStrategy estimates that the net proceeds from the sale of the notes will be approximately $1.03 billion, after ...
MicroStrategy today announced the close of $1.05 billion convertible senior notes issuance with a coupon of 0% and a conversion premium of 50%. The proceeds will be used to accumulate its growing Bitcoin reserves.
The announcement stated: "MicroStrategy estimates that the net proceeds from the sale of the notes will be approximately $1.03 billion, after deducting the initial purchasers’ discounts and commissions and estimated offering expenses payable by MicroStrategy. MicroStrategy intends to use the net proceeds from the sale of the notes to acquire additional Bitcoin. "
As Bitpush previously reported, MicroStrategy currently holds more than 71,000 Bitcoin with a total value of over $3.8 billion.
By Mary Liu
Tags: Bitcoin,MicroStrategy
Link: MicroStrategy Raised Over $1 Billion To Accumulate More Bitcoin [Copy]
