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Market Cap:
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Bitcoin Bitcoin Share: 57.33%
Markets: 83955
Cryptopolitan
2024-09-17 05:30:29

Bitcoin bull Microstrategy targets $700M in fresh convertible notes

Bitcoin bull Microstrategy targets $700M in fresh convertible notes

MicroStrategy is planning to raise $700 million through the private sale of convertible senior notes which will be due in 2028 to qualified institutional buyers. The company plans to use the proceeds to redeem $500M worth of 6.125% senior secured notes and purchase more Bitcoin (BTC). The Bitcoin bull firm may also grant an option

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