MicroStrategy plans to raise $600M via convertible notes to buy more Bitcoin.
MicroStrategy, the largest corporate holder of Bitcoin, plans to raise $600 million via convertible senior notes to purchase more cryptocurrency. The company aims to use the funds for general corporate purposes and to increase its Bitcoin holdings, which currently stand at 193,000 coins. The convertible notes will be available to qualified institutional buyers and are due in 2030.
March 04, 2024
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