Michael Saylor's MicroStrategy Raising Another $500M to Buy More Bitcoin

Now billing itself as a Bitcoin Development Company, MicroStrategy Wednesday afternoon filed to raise $500 million in a convertible debt offering, with intentions to use the proceeds to purchase more bitcoinon an $800 convertible debt raise , with those proceeds plus some dollars already in the bank used to acquire another 12,000 bitcoin for $821.7 million.Following that buy, MicroStrategy's stack stood at 205,000 bitcoins, now worth just shy of $15 billion.

MSTR shares are down marginally in after hours trading after gaining 10.85% during the regular session to an all-time high close of $1,766. The stock's now up 158% year-to-date alongside bitcoin's rise to a record high above $73,000.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BlackRock's Bitcoin ETF Nears 200K BTC, Passing Michael Saylor's MicroStrategyHelene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk's Markets Daily show. Helene is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
Source: CoinDesk - 🏆 291. / 63 Read more »

Bitcoin Bull Michael Saylor Says He Will Be Buying BTC "Forever"MicroStrategy's Michael Saylor announces plans to continue buying Bitcoin indefinitely
Source: Utoday_en - 🏆 295. / 63 Read more »

'Bitcoin Popularity Secret' Revealed by Michael Saylor on CNBCBitcoin evangelist Saylor endorses Bitcoin on CNBC, explaining how it is going to defeat gold and rise further
Source: Utoday_en - 🏆 295. / 63 Read more »

Michael Saylor Doubles Down on His Bitcoin Bet, Dismissing GoldMicroStrategy founder has made bullish Bitcoin statement doubling down on his BTC bet
Source: Utoday_en - 🏆 295. / 63 Read more »

Crucial Bitcoin Message Sent by Michael Saylor to Community As BTC Tops $61,000Vocal Bitcoin evangelist has made an important Bitcoin call on the global cryptocurrency community
Source: Utoday_en - 🏆 295. / 63 Read more »