MicroStrategy to Raise $700M via Convertible Note Sale, Eyeing Bitcoin Growth

MicroStrategy to Raise $700M via Convertible Note Sale, Eyeing Bitcoin Growth
фото показано с : zycrypto.com

2024-9-18 23:04

MicroStrategy announced Tuesday that it will sell $700M of convertible notes, with the net proceeds going to repay debts and add Bitcoin to its balance sheet.

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MicroStrategy bought $167M worth of Bitcoin in Q3 2023, holds over $4B total

Steadfast Bitcoin investor MicroStrategy announced that it purchased another batch of Bitcoin in its Q3 2023 earnings report on Nov. 1. Andrew Kang, Chief Financial Officer (CFO) at MicroStrategy, said: “We further increased our total bitcoin holdings to 158,400 bitcoins, adding 6,067 bitcoins since the end of the second quarter.

2023-11-2 02:45