MicroStrategy Seeks to Raise $600 Million to Buy Even More Bitcoin - Decrypt
03/04/2024 21:27
With its Bitcoin holdings topping $13 billion and stock price surging, MicroStrategy plans to raise even more money to keep buying BTC.
With its Bitcoin holdings topping $13 billion and stock price surging, MicroStrategy plans to raise even more money to keep buying BTC.
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Software firm MicroStrategy announced Monday that it plans to offer a private sale of $600 million worth of convertible senior notes in order to purchase more Bitcoin and boost its BTC holdings even further.
MicroStrategy holds the most Bitcoin of any public company, totaling more than $13 billion worth following Bitcoin's recent price surge. The company's stock has been surging lately as Bitcoin approaches its all-time high price from 2021.
This story is breaking and will be updated with additional details.