Microstrategy Inc. (Nasdaq: MSTR) unveils a $600 million convertible senior notes issuance plan, with funds earmarked for bitcoin acquisition. Notes bear interest, maturing in 2030, to be sold to qualified institutional buyers. The move echoes a 2021 strategy to raise equivalent funds for BTC. Microstrategy, boasting 193,000 BTC holdings, asserts bitcoin’s allure as a premier asset, predicting sustained capital influx into the cryptocurrency realm.
Microstrategy to Buy More Bitcoin With Proceeds From $600M Convertible Note Sale
by Crypto Oasis | Mar 4, 2024 | Industrial | 0 comments