MicroStrategy announced that it will raise $1.75 Billion to acquire more Bitcoin Further increase BTC’s holdings. MicroStrategy bought another $4.6 Billion in Bitcoin earlier today. This is a continuation of the successful strategy they have been using. Bitcoin is now at new highs, and on its way to $100k.
MicroStrategy said in a news release on Monday that, depending on market conditions and various other factors, it plans to make a $1.75billion aggregate principal offering of its 0% convertible senior notes due 2020 to individuals who can be reasonably considered qualified institutional purchasers in reliance upon Rule 144A of 1933 Securities Act. MicroStrategy expects to offer the first purchasers an option for up to $250,000,000 aggregate principal of its 0% convertible senior notes due 2029 in a private offering to persons reasonably believed to be qualified institutional buyers, based on Rule 144A under the Securities Act of 1933.
A live video webinar will be held tomorrow morning at 9:00 am to talk about the new convertible note offering.
MicroStrategy Continues Mass Bitcoin Accumulation
MicroStrategy’s Bitcoin strategy is paying off very well. After a series of price records, MicroStrategy’s Bitcoin asset hit a new all-time high last week. This trend will likely continue into the next year.
Michael Saylor is not shy about his passionate defense of Bitcoin. His recent company investments are proof. Michael Saylor has invested heavily in his own personal stash and his MicroStrategy’s, ensuring that both follow suit. The company’s stock has also reached all-time highs thanks to these decisions.
MicroStrategy has now purchased 331,200 BTC, bringing its total Bitcoin holdings to 331 200 BTC. This stash has a value of $16.5 billion. MicroStrategy is more impressive, though, when you look at the price the company paid on average for each Bitcoin token. Saylor says that on average, MicroStrategy has paid $49,874 for each Bitcoin, which is a near 100% return.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: watcher.guru
