Express

MicroStrategy Plans To Issue $600 Million In Convertible Senior Notes To Buy More Bitcoin

Mary Liu

Summary: MicroStrategy announced its intention to issue $600 million in aggregate principal amount of convertible senior notes due in a private placement to qualified institutional buyers. The Company intends to use the net proceeds from the sale of the notes to purchase additional Bitcoin and for general corporate purposes. As the price of Bitcoin exceeded $68,000, ...

MicroStrategy announced its intention to issue $600 million in aggregate principal amount of convertible senior notes due in a private placement to qualified institutional buyers. The Company intends to use the net proceeds from the sale of the notes to purchase additional Bitcoin and for general corporate purposes.

As the price of Bitcoin exceeded $68,000, MicroStrategy’s Bitcoin holdings have exceeded $7 billion in floating profits. It currently holds 193,000 BTC at an average purchase price of $31,544 per coin.

By BitpushNews Mary Liu

Last Update:

Tags: ,,
Link: MicroStrategy Plans To Issue $600 Million In Convertible Senior Notes To Buy More Bitcoin   [Copy]
Next:

Related Articles

  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 4 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 10 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 13 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 14 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 17 days ago

    • You need to login to comment.