MicroStrategy Wants $500 Million Bond Sale for Bitcoin

[{"selector":"#anim-38afeaf9-5156-49df-9236-4d2c0f2a2e49 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-0.03324437765473145%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] MicroStrategy plans to sell US$500 million in convertible bonds to buy more Bitcoin.

[{"selector":"#anim-2afe9911-ba15-4019-84a4-42ecd0509b36 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-6.914893355582523%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] The company has over 1% of Bitcoin's circulation supply with 214,400 BTC worth US$14.52 billion.

[{"selector":"#anim-c556051e-cabc-4b0a-bfeb-2765daaa6735 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-0.03324437765473145%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] The 2032 bonds, targeted at qualified institutional buyers, have a 13-day option to exceed US$75 million.

[{"selector":"#anim-db7785ba-df89-476f-830c-f48c8d6c2be3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-0.016983392357165852%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] MicroStrategy's sale of bonds for Bitcoin investment shows its strategic focus on the digital currency, which it holds more than any other company.

[{"selector":"#anim-b10ec25f-d470-453d-bd7b-4754b1380307 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-0.03324437765473145%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] The notes can be converted into MicroStrategy stock or cash under certain conditions and accrue interest semiannually.

[{"selector":"#anim-d4c84d55-7d92-4047-8a7c-31f4ec1e30bb [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-6.914893355582523%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] This is part of MicroStrategy's blockchain efforts, which include using Bitcoin's blockchain to secure digital identities.

[{"selector":"#anim-2296de67-4847-485c-bc34-8927580d653c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-0.03324437765473145%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] MicroStrategy's investment shows a growing trend of corporations using cryptocurrency in their treasury strategy.

[{"selector":"#anim-0ab78f81-f2f9-43d4-bef6-f6499e6d1d20 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-0.016983392357165852%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Company founder and chairman Michael Saylor has promoted Bitcoin.

MicroStrategy Wants $500 Million Bond Sale for Bitcoin

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