HomeBitcoinMicroStrategy raises more money, now has $525 million to buy more Bitcoin.

MicroStrategy raises more money, now has $525 million to buy more Bitcoin.


Microstrategy, which is led by Michael Saylor, has increased the amount of money it plans to borrow by selling convertible senior notes. They originally planned to borrow $500 million, but now they want to borrow $525 million.

The company plans to use the money they make to buy more Bitcoin. They have been following this strategy since 2020.

MicroStrategy said it decided on the price for the 0. 875% convertible senior notes that are due in 2031. They offered the notes to big investors in a private sale. The notes will be sold for the full amount they are worth, and will earn interest at a rate of 0. 875% each year, which will be paid twice a year.

After March 2028, the company can exchange the notes for money at the full amount borrowed plus the interest that has built up, but only if specific requirements are met. Owners can ask MicroStrategy to buy back the notes at the full amount they were originally worth plus interest on September 15, 2028, or if specific important changes happen.

The notes can be exchanged for money, shares of MicroStrategy’s class A common stock, or a mix of both, chosen by the company.

MicroStrategy expects to make about $515 million after paying fees and expenses from the offering.

Under the leadership of Michael Saylor, who started the company, MicroStrategy has been working hard to collect a lot of bitcoin. The company has over 200,000 bitcoins that are worth more than $13 billion currently.

Saylor wants to make MicroStrategy the first company to focus on developing Bitcoin. But we don’t know much about his plan yet.

In the past, MicroStrategy has created new tools, like one that lets companies give employees rewards using Bitcoin lightning payments.

MicroStrategy, a company that sells its shares on the stock market, is using its financial information to buy a lot of bitcoin. This shows that more and more companies are becoming interested in bitcoin as a new kind of asset and a way to protect their money from losing value.


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