MicroStrategy's Bitcoin Holdings Soar with $800M Note Offering
TL;DR Summary
MicroStrategy, led by Michael Saylor, has purchased an additional 12,000 bitcoins, bringing its total holdings to 205,000 BTC valued at around $14.7 billion. The purchase was mostly funded by the $782 million raised from a recent convertible debt offering, with the company acquiring the bitcoin for approximately $68,477 per coin, totaling $821.7 million using proceeds from the debt raise and excess cash.
- MicroStrategy Acquires 12,000 More BTC With Convertible Senior Notes Proceeds CoinDesk
- MicroStrategy uses $800M note offering to buy more Bitcoin, holds 205,000 BTC Cointelegraph
- MicroStrategy buys 12000 bitcoins for $821.7M cash (NASDAQ:MSTR) Seeking Alpha
- Tysons company keeps betting big on bitcoin WTOP
- MicroStrategy Completes $800 Million Offering of 0.625% Convertible Senior Notes Due 2030 Yahoo Finance
Reading Insights
Total Reads
0
Unique Readers
17
Time Saved
0 min
vs 1 min read
Condensed
23%
81 → 62 words
Want the full story? Read the original article
Read on CoinDesk