MicroStrategy, which was the first publicly traded company to invest in bitcoin and, as of Dec. 4, held 40,824 BTC, is raising up to $400M in debt to buy more
Kristine Owram / Bloomberg :
Bloomberg Kristine Owram
Related Coverage
- View article InsideBitcoins.com
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- MicroStrategy Announces Proposed Private Offering of $400 Million of Convertible Senior Notes Business Wire
- MicroStrategy wants to raise $400 million via convertible notes and buy bitcoin with the net proceeds The Block
- View article Crypto Briefing
- MicroStrategy Plans to Buy Even More Bitcoin, Gemini CEO Says ‘Cash Is Trash’ CryptoGlobe
- MicroStrategy Stock Falls in Pre-Market Despite Plans to Raise More Funds for Bitcoin Purchase coinspeaker.com
- Business Intelligence Firm MicroStrategy Proposes Private Offering of $400M of Convertible Notes so Proceeds May be Invested in Bitcoin (BTC) Crowdfund Insider
- Corporations Could Cull Cryptocurrency's Bull Run The Capital
- MicroStrategy Plans $400M Raise; Net Proceeds Will Fund More Bitcoin Buys CoinDesk
- MicroStrategy will issue $400 million in securities to buy more Bitcoin Cointelegraph
- MicroStrategy Selling $400M in Debt Securities to Buy Bitcoin Decrypt
- MicroStrategy Offers $400 Million Of Convertible Notes To Buy More Bitcoin Bitcoin Magazine
Discussion
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@ldrogen
Leigh Drogen
on x
so they are now a corporation running a hedge fund? Hedge funds don't really trade at great multiples This is a strange strategy that doesn't seem to have much upside for the market cap even if it's correct (which it probably is directionally) https://twitter.com/...
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@thestalwart
Joe Weisenthal
on x
Microstrategy, which already has part of its corporate cash pile in Bitcoin, just announced that it's raising $400 million in a convertible debt offering to buy even more Bitcoin. https://www.bloomberg.com/...
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@sthenc
Stephen Cole
on x
Create the easy money to buy the hard money. As more corporations and even central banks wake up to the power of this strategy, the global race from fiat to Bitcoin will kick into high gear. https://twitter.com/...
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@apompliano
Pomp
on x
At some point we have to start asking whether @michael_saylor is executing one of the most courageous “bet your company” investments ever right in front of our eyes...incredible. https://www.microstrategy.com/ ...
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@wallstplayboys
Wall Street Playboys
on x
Probably nothing, the guys who said it is tulips (but still poor) are definitely smarter than a billionaire security expert https://www.businesswire.com/ ...