MicroStrategy, the largest institutional Bitcoin whale, has completed its planned $800 million bond offering to buy more BTC.
MicroStrategy, founded by Michael Saylor, announced plans to buy more Bitcoin in a post published on its official website on March 11. 800 million dollars announced that it has completed its bond offering.
MicroStrategy in this context in 2030 will be due 0.625% convertible completed its senior bond offering. By share 800 million dollar The bond was sold privately to qualified institutional investors.
The securities in question September 15, 2024every year from Between March 15th and September 15th every 6 monthswill be paid. The maturity of the bonds last sold three days ago is March 15, 2030 It will expire on .
He bought Bitcoin immediately
MicroStrategy stated that it would use the funds in question to buy more Bitcoin. It was as expected and MicroStrategy He announced his Bitcoin purchase.
According to the document filed with the US Securities and Exchange Commission (SEC), MicroStrategy $821 million spending about Bought 12,000 Bitcoins. The company obtained from bonds 781 million on dollar income 40 million dollars He added more and announced that the purchase was made.
The average cost per Bitcoin is $68,477 It was announced as.
With its purchase this month, MicroStrategy increased the total amount of Bitcoin in its reserves. increased to 205 thousand. Average per unit for these 30,252 spending dollars Total cost of MicroStrategy approximately $6.8 billion happened.
The company’s current profit 7 billion It is above the dollar.