MicroStrategy Boosts Bitcoin Holdings With $458M Purchase, Upsized Convertible Note Offering to $1B
https://www.coindesk.com/business/2024/09/20/microstrategy-boosts-bitcoin-holdings-with-458m-purchase-upsized-convertible-note-offering-to-1b/?utm_content=editorial&utm_medium=social&utm_source=telegram&utm_term=organic&utm_campaign=news
4 Comments
That 16 Billion in BTC isn’t enough for MS
tldr; MicroStrategy announced it purchased 7,420 bitcoin for approximately $458.2 million, using proceeds from an upsized convertible note offering. The acquisition took place between September 13 and 19 at an average price of $61,750 per bitcoin. The company increased the offering from $700 million to $1.01 billion to fund the purchase.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Michael Saylor is gonna throw in that biggest “I told you so” in history if BTC pamps massively. Or will become the worlds stupidest bag holder if it crashes – No in between. Probably the first tho because Im biased
Michael Saylor wants all the Bitcoins!