MicroStrategy Announces New $875 Million Plan to Buy More Bitcoin (BTC)
MicroStrategy announced that it has increased its planned bond sale to $875 million to buy more Bitcoin.
Institutional Bitcoin Bull MicroStrategy announced that it will issue bonds to buy more Bitcoin (BTC).
Revising its plan, MicroStrategy announced that it increased its planned bond sale to $875 million to buy more Bitcoin.
With this move, the company may purchase more Bitcoin than it previously announced.
The change was announced by MicroStrategy founder Michael Saylor.
“MicroStrategy (Nasdaq: MSTR) today announced the pricing of its offering of $875 million aggregate principal amount of 0.625% convertible senior notes due 2028.
MicroStrategy intends to use the net proceeds from the offering to repay the entire $500.0 million aggregate principal amount of MicroStrategy's 6.125% Senior Secured Notes due 2028 (the Senior Secured Notes) and the balance of the net proceeds to acquire additional Bitcoin.”
MicroStrategy Announces Pricing of Offering of Convertible Senior Notes $MSTR https://t.co/xIsCTvCBgH
— Michael Saylor⚡️ (@saylor) September 18, 2024
*This is not investment advice.
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