Microstrategy has announced its intention to offer $ 500 million of convertible senior notes due 2032 in a private offering, subject to market conditions. The company also expects to grant the initial purchasers an option to purchase up to an additional $ 75 million of the notes within a 13-day period from the …
On Tuesday, the business intelligence firm Microstrategy announced it completed a $ 603.75 million offering of convertible senior notes due 2031. After the announcement, Microstrategy’s founder Michael Saylor announced the company acquired 9,245 bitcoin for $ 623 million using the proceeds and excess cash. Microstrategy Now Holds 214,246 Bitcoin After Microstrategy announced its …
On March 13, the business intelligence company based in Virginia, Microstrategy, unveiled plans to generate $ 500 million by issuing convertible notes due in 2031. Echoing their previous fundraising efforts, the newly acquired funds are earmarked for bitcoin acquisitions along with covering various general corporate expenditures. Microstrategy Continues Bitcoin Bet, Plans $ 500M …
Coinbase Global, Inc. has unveiled its strategy to generate $ 1 billion through the issuance of convertible bonds set to mature in 2030. This plan includes a provision for initial buyers to acquire an extra $ 150 million to address any over-allotments. Coinbase revealed that the proceeds would be allocated for “working capital …
Nasdaq-listed company Microstrategy is planning to sell $ 600 million in convertible senior notes and use some of the proceeds to buy additional bitcoin. Microstrategy now holds 193K bitcoin. The company’s executive chairman, the pro-bitcoin Michael Saylor, says bitcoin has become the world’s “most popular investment asset.” Microstrategy to Buy More Bitcoin Microstrategy Inc. …