MicroStrategy Founder Michael Saylor announced the firm would offer $1.75 billion in zero-coupon convertible notes to purchase more Bitcoin. Earlier today, MicroStrategy bought over $4.6 billion in BTC.
The post-Trump bull market has turbocharged MicroStrategy’s Bitcoin-first policy, as the company makes record investments in BTC.
MicroStrategy to Buy Even More Bitcoin
According to the latest announcement, the convertible senior notes will be offered as zero-coupon convertibles, meaning they will pay no interest. In 2029, these notes will mature into MicroStrategy stock and are therefore offered at a discount.
“MicroStrategy intends to use the net proceeds from this offering to acquire additional bitcoin and for general corporate purposes,” the company stated in its press release.
This $1.75 billion fundraiser for further Bitcoin purchases has been announced on the same day MicroStrategy bought $4.6 billion in BTC. One week prior to this, it also put slightly over $2 billion into Bitcoin purchases.
This unequivocally makes MicroStrategy the world’s largest Bitcoin holder, continuing its staunch Bitcoin-first policy.
MicroStrategy’s stock price has ballooned since adopting this policy,
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Author: Landon Manning
