MicroStrategy plans $500M stock sale to buy more Bitcoin
MicroStrategy plans a $500 million stock sale to fund additional Bitcoin acquisitions, reinforcing its commitment to BTC as a treasury reserve asset.
MicroStrategy has announced the intention to offer $500 million in convertible senior notes due in 2032.
The private offering to qualified institutional buyers would adhere to Rule 144A of the Securities Act 1933 and is “subject to market conditions and other factors.”
Related: Big shorters are betting $6.9B against MicroStrategy stocks
MicroStrategy plans a $500 million stock sale to fund additional Bitcoin acquisitions, reinforcing its commitment to BTC as a treasury reserve asset.
MicroStrategy has announced the intention to offer $500 million in convertible senior notes due in 2032.The private offering to qualified institutional buyers would adhere to Rule 144A of the Securities Act 1933 and is “subject to market conditions and other factors.” Related: Big shorters are betting $6.9B against MicroStrategy stocksRead more