A De Facto Bitcoin ETF? MicroStrategy Is Raising $400M to Buy More BTC

A De Facto Bitcoin ETF? MicroStrategy Is Raising $400M to Buy More BTC

Michael Saylor announced plans to offer convertible bonds with the express intent to buy BTC. The community reacts.


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Microstrategy Selling $400M Bonds to Buy Bitcoin — Holding to Exceed 100,000 BTC

Microstrategy will soon hold more than 100,000 bitcoins in its treasury. The company is raising $400 million by selling senior secured notes and will use the proceeds to acquire additional bitcoins. Microstrategy Acquiring More Bitcoin Microstrategy Inc. (Nasdaq: MSTR) announced Monday it intends to offer $400 million of “senior secured notes due 2028” in a private offering to qualified institutional buyers. The company detailed: The notes will be fully and unconditionally guaranteed on a senior secured basis, jointly and severally, by Microstrategy Services Corporation, a....

MicroStrategy Receives Over $1.5B In Orders For $500M Notes To Fund Bitcoin P...

MicroStrategy is one of the loudest crypto advocates listed on Wall Street. Now, the Michael Saylor-led company is engaging in one of the first-ever corporate bond sales that specifically earmarks the proceeds for Bitcoin purchases. MicroStrategy’s Strategy? Buy The Dip After initially planning to issue $400M of the debt, by the time the deal was […]

MicroStrategy Plans $400M Raise; Net Proceeds Will Fund More Bitcoin Buys

MicroStrategy is turning to investors to fund up to $400 million more in bitcoin purchases.

MicroStrategy, Raising Cash to Buy More Bitcoin, Boosts Notes Offering to $550M

MicroStrategy anticipates raising $537 million in net proceeds from a debt sale designed to fund bitcoin speculation.

Microstrategy Buys 5,050 More Bitcoins, Now Hodls 114,042 BTC

Nasdaq-listed Microstrategy has purchased 5,050 more bitcoins for $243 million, raising its total bitcoin holdings to 114,042 coins. Microstrategy Continues to Grow Its Bitcoin Stash The pro-bitcoin software company Microstrategy announced Monday that it has purchased more bitcoins. CEO Michael Saylor tweeted: Microstrategy has purchased an additional 5,050 bitcoins for ~$242.9 million in cash at an average price of ~$48,099 per bitcoin. As of 9/12/21 we hodl ~114,042 bitcoins acquired for ~$3.16 billion at an average price of ~$27,713 per bitcoin. The....