MicroStrategy Offering $400 Million Notes For More Bitcoin, Announces “MacroS...
MicroStrategy will offer $400 million in senior notes to buy more bitcoin, which will be held by its MacroStrategy subsidiary.Software intelligence firm MicroStrategy has announced that it will offer $400 million in senior secured notes to buy more bitcoin and that the more than 90,000 BTC it has bought to date will now be held by a subsidiary called MacroStrategy.“MicroStrategy … today announced that it intends to offer, subject to market conditions and other factors, $400 million aggregate principal amount of senior secured notes due 2028 … in a private offering to qualified....
Related News
MicroStrategy has successfully sold off $500 million worth of notes (“the notes”) which it announced it was selling on June 8th in a press conference, to buy Bitcoin. The notes were sold to qualified institutional buyers in a private offering in reliance to Rule 144A under the Securities Act of 1933. They were all sold […]
Software intelligence firm MicroStrategy announced details following a proposal to offer more convertible senior notes to buy bitcoin. The post MicroStrategy Ups Note Offering For Buying More Bitcoin To $900 Million appeared first on Bitcoin Magazine.
With the price of Bitcoin moving above $40,000 for the first time in weeks, the company could soon hold more than 100,000 BTC. Business intelligence company MicroStrategy has completed its $500 million offering of secured notes, and said it plans to use the proceeds to purchase Bitcoin.In a Monday announcement, MicroStrategy said it had sold $500 million worth of senior secured notes in a private offering to buyers within and outside the United States. After deducting expenses, initial purchaser discounts, and commissions, the firm said the net proceeds were roughly $488 million, funds....
Leading business intelligence firm MicroStrategy is doubling-down on Bitcoin, announcing a securities offering to raise $400 million to invest in BTC. The world’s largest publicly traded business intelligence firm, MicroStrategy has announced plans to invest the proceeds from a $400 million securities offering into Bitcoin.On Dec. 7, the firm revealed plans to issue $400 million in convertible senior notes — a debt security that can be converted into the issuing company’s shares. The announcement stated:“Microstrategy intends to invest the net proceeds from the sale of the notes in....
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....