MicroStrategy upsizes Bitcoin purchase financing to $2.6 billion via convertible notes offering.

MicroStrategy has upsized its convertible senior notes offering to $2.6 billion to purchase more Bitcoin and for general corporate purposes. Initially planned at $1.75 billion, the offering, due in 2029, now includes an option for an additional $400 million. The company has recently acquired 51,780 more bitcoins, increasing its total holdings to 331,000 BTC. MicroStrategy's aggressive stance on Bitcoin comes as its market value surpasses $96 billion.

November 20, 2024
35 Articles