CryptoIntelligence
2024-03-14 23:01:31

MicroStrategy Announces $500 Million Convertible Note Offering to Expand Bitcoin Holdings

MicroStrategy, along with its Executive Chairman Michael Saylor, remains committed to expanding their Bitcoin (BTC) portfolio, revealing plans for a new $500 million convertible note offering intended for further Bitcoin acquisitions. Announced on March 13, this initiative marks another significant step in the company’s transition from a business intelligence entity to a “Bitcoin development” firm. The offering, set to be privately issued as senior convertible notes, may also allocate a portion of its funds towards general corporate endeavors. In the past two weeks alone, MicroStrategy has launched offerings totaling $1.3 billion, including a recently finalized $800 million senior convertible note

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