The early bird gets the worm, or so the adage goes. In the case of MicroStrategy, it’s been just over four years of steadily stacking Bitcoin—and it wants more.
MicroStrategy said Monday evening that it plans to raise $1.75 billion through convertible notes to buy more of the world’s largest crypto and for “general corporate purposes.”
The zero-interest senior notes will mature in 2029 and be offered to qualified institutional buyers. If everything goes according to plan, the company could get its hands on up to 19,000 additional Bitcoin.
The business intelligence and software company has wasted no time putting its recent purchases to work.
On Monday, MicroStrategy bought another $4.6 billion worth of Bitcoin, bringing its total holdings to 331,200 BTC — now worth over $30 billion at current prices.
Data from MSTR Tracker shows that the company now
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Author: Vince Dioquino
