MicroStrategy To Offer Another $600 Million Of Convertible Notes To Buy More ...
Gigachad CEO Michael Saylor announced on Twitter this morning that his company, software intelligence firm MicroStrategy, has proposed a private offering of $600 million in convertible senior notes so it can “use the net proceeds from the sale of the notes to acquire additional bitcoins,” according to the press release Saylor shared. MicroStrategy Announces Proposed Private Offering of $600 Million of Convertible Senior Notes $MSTRhttps://t.co/pljBkX7jzF— Michael Saylor (@michael_saylor) February 16, 2021 These notes would officially be due on February 27, 2027, with interest being....
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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 said it intends to offer $600 million aggregate principal amount of convertible senior notes due 2027. This story is developing and will be updated.
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.
Bitcoin briefly surged above $50,000 on Tuesday after MicroStrategy announced that it would offer $600 million worth of convertible senior unsecured notes expiring on February 15, 2027, to purchase more of the flagship cryptocurrency. “MicroStrategy also expects to grant to the initial purchasers of the notes an option to purchase, within a 13-day period beginning […]
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 […]