Saylor Effect: Will Zynga Use Convertible Notes To Buy $750M In Bitcoin?
Mobile games maker Zynga, known best for Words With Friends and Farmville, has revealed a $750 senior convertible note offering that could potentially end up in Bitcoin. Here are all the oddly coincidental details that mimic the timing of the Michael Saylor-led MicroStrategy convertible note offering that was used to purchase a large sum of the cryptocurrency. Setting A Precedent: MicroStrategy Buys Bitcoin With Convertible Notes A bull market was brewing in Bitcoin whether bears […]
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Software intelligence firm MicroStrategy, led by CEO Michael Saylor, plans to raise another $600 million to buy even more bitcoin. The post MicroStrategy To Offer Another $600 Million Of Convertible Notes To Buy More Bitcoin appeared first on Bitcoin Magazine.
The publicly listed company Microstrategy announced that it has plans to purchase more bitcoin after acquiring 71,079 bitcoin during the last six months. On Tuesday, Microstrategy revealed its plans to sell $600 million in convertible senior notes to qualified institutional buyers in order to use the funds for bitcoin. Selling Convertible Notes for Bitcoin At around 7:59 a.m. (EST) on Tuesday morning, Microstrategy (Nasdaq: MSTR) CEO, Michael Saylor tweeted about a new private sale his firm is committing to in order to sell $600 million in convertible senior notes. Microstrategy’s....
MicroStrategy plans to sell $400 million in convertible senior notes so that it can buy more bitcoin. The post MicroStrategy Offers $400 Million Of Convertible Notes To Buy More Bitcoin appeared first on Bitcoin Magazine.
Today Marathon Digital Holdings, one of the largest publicly-traded Bitcoin miners in North America, announced a proposed convertible senior notes offering.
On Monday, business intelligence firm Microstrategy, led by Bitcoin (BTC) advocate Michael Saylor, announced its intention to offer $700 million in convertible senior notes due 2028 as part of a broader strategy to strengthen its Bitcoin portfolio while restructuring existing debt. MicroStrategy’s Strategic Bitcoin Move According to the announcement, the proposed notes will be unsecured, […]