Last December, MicroStrategy issued $ 650 million in bonds to buy bitcoins. Now the company’s management wants to repeat the step, only securities will be issued for $ 400 million.
Recall that in December MicroStrategy planned to issue bonds for $ 400 million, but investor demand was so high that the company’s management increased the number of securities in the offer and the total amount was $ 650 million.
According to the company’s press release, any asset can be used to collateralize the securities, including bitcoins that have already been purchased. However, the 92,079 BTC already on the MicroStrategy accounts will not be used as collateral – they will belong to the subsidiary company MacroStrategy.
“The funds received during the offering of securities will be used to purchase additional bitcoins,” the press release said.
The American company continues to accumulate BTC. The first purchase took place back in August last year, and at the moment MicroStrategy’s assets in bitcoins are estimated at $ 3 billion.
Earlier, MicroStrategy CEO Michael Saylor said he “has access” to 111,000 BTC and is not going to sell his stock.
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