MicroStrategy will issue bonds for another $ 690 million to buy bitcoins

The American company MicroStrategy, which has invested more than $ 1 billion in bitcoin, plans to issue bonds again, the proceeds of which will be used to buy the first cryptocurrency.

In December last year, MicroStrategy issued a convertible bond loan in the amount of $ 650 million. The funds received were used to buy bitcoins.

The company is now planning a similar issue of bonds. Interest on them will be paid every six months – February 15 and August 15. The bonds are scheduled to expire in February 2027.

Note that the rate of the first cryptocurrency has grown significantly since the last purchase of MicroStrategy bitcoins. Currently, 71,800 BTC are stored on the company’s wallets, and the average purchase price was $ 16,110.

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Recently it was revealed that MicroStrategy, a software developer, plans to create an analytical platform to track Bitcoin data. For this, the company is recruiting blockchain specialists.

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