2021-6-7 17:55 |
Michael Saylor’s publicly listed analytics and business intelligence company wants to add more Bitcoin to its coffers which already holds approximately 92,079 BTC.
Interestingly, these BTC will be held by a newly formed subsidiary, MacroStrategy LLC.
With this announcement, the company also shared that they will be raising yet another $400 million in a private offering to qualified institutional buyers by issuing senior secured notes due 2028.
The net proceeds from the sale of the notes will be used to acquire additional bitcoins.
The price of MSTR shares currently trading at $477.75 meanwhile is still down about 64% from its all-time high above $1,314, set in early February.
BTC -1.20% Bitcoin / USD BTCUSD $ 35,433.53-$425.20 -1.20% Volume 30.12 b Change -$425.20 Open $35,433.53 Circulating 18.73 m Market Cap 663.64 b baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[scripts.length - 1]; var cccTheme = {"Chart": {"fillColor": "rgba(248,155,35,0.2)", "borderColor": "#F89B23"}}; (function () { var appName = encodeURIComponent(window.location.hostname); if (appName == "") { appName = "local"; } var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl + 'serve/v1/coin/chart?fsym=BTC&tsym=USD'; s.src = theUrl + (theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); 1 h China Looks To Leverage Blockchain In Economy And Governance 1 h South Korea's FSC Looks to Rein In Cryptocurrency With Cross Trading Ban 1 h Trump Says Bitcoin Is A “Scam” Because “It’s Another Currency Competing Against The Dollar” The post Michael Saylor Launches MacroStrategy Subsidiary to Hold Bitcoin, Raising 0M Debt to Buy More BTC first appeared on BitcoinExchangeGuide.
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