MicroStrategy Plans $500 Million Convertible Debt Offering To Snatch Up Even More Bitcoin 

MicroStrategy Plans $500 Million Convertible Debt Offering To Snatch Up Even More Bitcoin 
фото показано с : zycrypto.com

2024-6-14 21:05

Software firm and newly branded “Bitcoin development company” MicroStrategy is ready to add to its BTC stash, and it plans to utilize a $500 million private offering of convertible senior notes to do it.

MicroStrategy Looking To Expanding BTC Cache

MicroStrategy’s recent proposal reveals that the Nasdaq-listed business intelligence firm is still interested in buying more Bitcoin. In a Thursday announcement, the company said it intends to offer $500 million in aggregate principal amount of convertible senior notes with a maturity date of June 15, 2032.

“The notes will be unsecured, senior obligations of MicroStrategy, and will bear interest payable semi-annually in arrears on June 15 and December 15 of each year, beginning on December 15, 2024. The notes will mature on June 15, 2032, unless earlier repurchased, redeemed or converted in accordance with their terms,” the company’s press release reads.

The private offering will be available to individuals believed to qualify as institutional buyers by Rule 144A of the Securities Act of 1933. The notes will be redeemable for cash, shares of MicroStrategy’s class A common stock, or a combination thereof, subject to certain conditions. The terms of conversion will be specified after the pricing of the offering.

The announcement notes that the net proceeds of the convertible notes will primarily be used to acquire more Bitcoin and other corporate affairs.

MicroStrategy’s Bitcoin Gambit Paying Off

MicroStrategy is the single largest corporate holder of Bitcoin, with 214,400 of the alpha cryptocurrency in its treasury — more than $14 billion at today’s prices. It’s also more than 1% of the total supply of Bitcoin that will ever be created.

It first acquired BTC back in 2020. The company’s former CEO and now-chairman Michael Saylor argues the crypto strategy is the most suitable way to preserve wealth and fetch nice returns for shareholders.

CoinGecko data shows that Bitcoin is today priced at $66,887 per coin, down roughly 5.4% in seven days. It hit a new all-time high above $73,700 in March. Despite Bitcoin falling from the March ATHs, MicroStrategy is still in the green on its gradually increasing investment.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 68759.94 (-0.11%)
Объем 24H $41.757b
Изменеия 24h: -0.17 %, 7d: -3.49 %
Cегодня L: $66916.68 - H: $68910.37
Капитализация $1359.936b Rank 1
Цена в час новости $ 67029.86 (2.58%)

microstrategy bitcoin company development branded newly ready

Источник: zycrypto.com

microstrategy bitcoin → Результатов: 126


Фото:

MicroStrategy to raise $2B with ATM offering as shareholders accrue more Bitcoin per share

Quick Take Q2 2024 Highlights On Aug. 1, MicroStrategy announced its Q2 results, highlighting a significant milestone as its total Bitcoin holdings reached 226,500 BTC. The company reported several key financial moves in Q2 2024, according to their quarterly presentation, including raising $800 million through 2032 convertible notes, calling $650 million of 2025 convertible notes, […] The post MicroStrategy to raise $2B with ATM offering as shareholders accrue more Bitcoin per share appeared first on CryptoSlate.

2024-8-2 14:00


Hedge Fund Goes Long Bitcoin, Short MicroStrategy: Details

Kerrisdale Capital, a hedge fund, today disclosed a nuanced investment thesis: going long on Bitcoin while concurrently taking a short position on MicroStrategy shares. This move is predicated on the assessment that MicroStrategy, which has positioned itself as a de facto Bitcoin investment vehicle, is trading at a significantly unjustified premium to the underlying cryptocurrency […]

2024-3-29 01:00


Brace For Impact: MicroStrategy Is Planning Another $500 Million Bitcoin Purchase

American business intelligence and software development company, MicroStrategy has unveiled new plans to acquire an additional Bitcoin, further bolstering its already substantial BTC holdings. MicroStrategy Mega Bitcoin Purchase In The Works In a recent press release published on MicroStrategy’s official website, the software development company announced plans to raise $500 million in convertible debt offerings to purchase more Bitcoin.

2024-3-14 16:00


MicroStrategy’s Bold Bitcoin Bet: A Thrilling Tale of Profit and Persistence

MicroStrategy’s steadfast belief in Bitcoin has proven to be a wise investment strategy, as the company’s significant BTC holdings have begun to yield substantial returns. Despite facing challenges such as the bear market and industry crises, MicroStrategy remained committed to accumulating Bitcoin, and their patience seems to be paying off. $200M In Profit For MicroStrategy […]

2023-7-5 09:30


1 in every 138 Bitcoins are now owned by MicroStrategy, but it doesn’t make much sense

Key Takeaways MicroStrategy has purchased another thousand Bitcoin, taking their holdings to 140,000 at an average price of $28K The total investment is now $4.2 billion, with the company’s fate tied to the Bitcoin price CEO Saylor remains ultra-bullish, but has no regard for risk management For investors, someone may as well just purchase Bitcoin […] The post 1 in every 138 Bitcoins are now owned by MicroStrategy, but it doesn’t make much sense appeared first on CoinJournal.

2023-4-6 16:35


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Опрос Майкла Сэйлора: 91% криптоинвесторов видят Дональда Трампа лучшим кандидатом в президенты США

За неделю до президентских выборов основатель MicroStrategy Майкл Сэйлор провел блиц-опрос среди своих подписчиков на тему, кто из кандидатов в президенты США наиболее соответствует ожиданиям криптоинвесторов.

Metaplanet’s Total Bitcoin Holdings Exceed 1,000 BTC Following Latest Purchase

Japan-based investment firm Metaplanet has now accumulated over 1,000 Bitcoin (BTC) with its latest acquisition, establishing itself as one of Asia’s largest corporate holders of the digital asset. Metaplanet’s Bitcoin Holdings Top 1,000 BTC In an announcement made on October 28, Tokyo-listed Metaplanet stated it had purchased an additional 156.