Report: MicroStrategy Boosts Latest Note Offering To $500 Million, After Rece...
MicroStrategy has raised its latest note offering, meant to fund additional bitcoin purchases, after receiving major interest.Software intelligence firm MicroStrategy has reportedly raised its latest note offering from $400 million to $500 million, bearing an interest rate of 6.125%, which will fund more bitcoin purchases by the company, according to a recent report by Yahoo Finance. MicroStrategy released an announcement on the pricing update.The company received a large number of orders totaling $1.6 billion from hedge funds, according to Yahoo Finance, prompting the company to increase....
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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.
MicroStrategy anticipates raising $537 million in net proceeds from a debt sale designed to fund bitcoin speculation.
The firm has already bought 70,784 bitcoin, an amount now worth around $3.6 billion.
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 […]
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....