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.
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