Express

Microstrategy To Increase The Issuance Of Convertible Bonds To $500M To Purchase Bitcoin

Mary Liu

Summary: Microstrategy is raising debt to obtain more BTC.  According to Bloomberg, Microstrategy plans to increase the issuance of convertible bonds to $500 million, and the proceeds will be used to purchase Bitcoin.  The company announced yesterday that it would issue $400 million of senior notes to buy Bitcoin, and its current holding position is 92,079 ...

Microstrategy is raising debt to obtain more BTC. 

According to Bloomberg, Microstrategy plans to increase the issuance of convertible bonds to $500 million, and the proceeds will be used to purchase Bitcoin. 

The company announced yesterday that it would issue $400 million of senior notes to buy Bitcoin, and its current holding position is 92,079 BTC (approximately $2.9 billion).

Last Update:

Tags: ,
Link: Microstrategy To Increase The Issuance Of Convertible Bonds To $500M To Purchase Bitcoin   [Copy]
Next:

Related Articles

  • The Endgame of Layer 2s, Explained 1 hours ago
  • The Bitcoin Halving is Complete! What’s Next? 7 days ago
  • Runes on Bitcoin: The Next Big Opportunity? 10 days ago
  • Uniswap Sued by SEC: What Does it Mean for the Future of DeFi? 15 days ago
  • The Value of Web3 Social, Explained 15 days ago

    • You need to login to comment.