- MicroStrategy yesterday announced its third debt offering of 2024. The company is seeking to raise US$700 million (AU$1.03b) to pay off existing debt and invest in more Bitcoin.
- MicroStrategy is currently the world’s largest corporate holder of Bitcoin, with a stash of 244,800BTC currently valued at approximately US$14 billion (AU$20.7b).
MicroStrategy, the world’s largest corporate hodler of Bitcoin, yesterday announced its third debt offering of 2024. The tech company owned by Bitcoin true-believer, Michael Saylor, aims to raise US$700 million (AU$1.03b) in this debt offering in the form of convertible senior notes, which mature in 2028. The proceeds will be used to pay off existing debt and purchase more Bitcoin.
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