MicroStrategy (MSTR), the software company founded by Michael Saylor, announced its $600 million Bitcoin (BTC) plan.
Microstrategy announced that it will issue a private security to persons reasonably believed to be qualified institutional buyers. Total value of the bond in question $600 million will be and 2030 maturity will include a convertible offering.
In the statement, the bonds will be unsecured, senior obligations of MicroStrategy and From September 15, 2024 every year starting from March 15 And 15 September on dates Interest to be paid every six months It was stated that he would carry it.
However, with the income obtained from the bond sales in question that they plan to buy more Bitcoin included:
MicroStrategy intends to use the net proceeds from the sale of the notes to purchase additional Bitcoin and for general corporate purposes.
Shares of Microstrategy, one of the private companies that own the most Bitcoin in the world, have increased the price of Bitcoin. for 69 thousand dollars in the last 1 week, along with 24% rose. With the rise to $1,334 reaching MSTR, rising to the highest level in the last 24 years broke a record.
These days, Bitcoin is hovering around 68 thousand dollars, Microstrategy Profit from Bitcoin investment exceeded $ 7 billion.