The post MicroStrategy to Raise $525M to Acquire More Bitcoins appeared first on Coinpedia Fintech News
Microstrategy Inc. (NASDAQ: MSTR) has recently accelerated its Bitcoin (BTC) acquisition pace to match up with the top-tier spot BTC ETF issuers, led by BlackRock’s iShares Bitcoin ETF (IBIT), and Fidelity Wise Origin Bitcoin Fund (FBTC). Earlier this week on Monday, March 11, MicroStrategy announced a successful acquisition of 12,000 Bitcoins worth around $821.7 million.
As a result, MicroStrategy now holds around 205,000 Bitcoins worth over $6.9 billion.
MicroStrategy Adds More Bitcoins
Less than a week later, MicroStrategy’s founder and chairman Michael Saylor has announced that the company is offering convertible senior notes to facilitate the purchase of more Bitcoins. Notably, MicroStrategy will get between $515 million and $592.3 million, with an annual interest rate of 0.875 percent, and will expire by 2031.
Furthermore, MicroStrategy will offer initial
We współpracy z: https://coinpedia.org/news/microstrategy-to-raise-525m-to-acquire-more-bitcoins/
