MicroStrategy plans to raise $600 million through senior convertible notes to bolster its cryptocurrency holdings, reaffirming its commitment to Bitcoin amid its surge in value.
MicroStrategy’s New Bid To Acquire BTC
MicroStrategy, the leading corporate investor in Bitcoin (BTC), has announced its intention to raise $600 million through senior convertible notes due in 2030. In a statement published on the company’s official website, the MicroStrategy team wrote,
“MicroStrategy intends to use the net proceeds from the sale of the notes to acquire additional bitcoin and for general corporate purposes.”
With Bitcoin closing in on its all-time high of $69,000, last achieved two years ago, Microstrategy is looking to bolster its Bitcoin holdings, reaffirming its commitment to the digital currency.
Convertible Notes: A Strategic Move
The issuance of senior convertible notes allows MicroStrategy to secure debt that can be converted into equity at a later date. This fi
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