MicroStrategy continues to raise funds to buy BTC. Previously, it was assumed that the company would issue and sell bonds for $ 690 million, but in the end it raised $ 1.05 billion.
The bonds were issued and sold to qualified institutional investors as part of a private offering. The first batch of bonds was sold on February 18, and the remaining securities on February 19. The company said in a statement:
“Net proceeds from bond sales were approximately $ 1.03 billion after deducting discounts and commissions and placement costs paid by MicroStrategy. The company intends to use the funds received to purchase bitcoins. ”
At the moment, 71,800 BTC are stored on MicroStrategy wallets, while the average purchase price was $ 16,110. Considering that over the last 24 hours the rate of the first cryptocurrency exceeded $ 56,000, the bitcoins bought by the company are estimated at $ 4 billion.
Recall that this is the second issue and sale of the bond by MicroStrategy – the first issue of securities for $ 650 million took place in December last year.
Telegram channel!
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
