MicroStrategy Upsizes Convertible Debt Offering to $700M to Buy Even More Bitcoin
Submitted by Anonymous (not verified) on Wed, 03/06/2024 - 19:10The company's convertible debt offering will have a conversion price at 42.5% premium to last close.
The company's convertible debt offering will have a conversion price at 42.5% premium to last close.
MicroStrategy is the largest corporate owner of bitcoin, holding roughly $13 billion worth of BTC.
MicroStrategy, the intelligence and software company known for its investment in Bitcoin, has released plans to double down on its holdings of the

Gains among exchange-traded funds were led by BlackRock's IBIT.
A price target of $990 is based on the assumption that bitcoin will reach $125,000 by year-end 2025, the report said.
Despite reports of a hack on the X (formerly T

MicroStrategy has purchased an additional 3,000 bitcoin {{BTC}} for $155 milllion, bringing the company's total BTC holdings up to $6.09 billion.
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