MicroStrategy has announced a private placement of convertible debt worth $700 million, scheduled to mature in 2030. This increase from the initial $600 million proposal demonstrates the company’s proactive stance in its Bitcoin investment strategy. This strategic financial move is expected to conclude on March 8, 2024, targeting qualified institutional buyers and emphasizing MicroStrategy’s commitment to acquiring high-risk cryptocurrencies using its assets.
MicroStrategy issues $700 million in corporate bonds for Bitcoin investment.