Michael Saylor’s MicroStrategy (MSTR) Plans One other 0M Convertible Be aware Issuance to Redeem Debt, Increase Bitcoin (BTC) Stash

Michael Saylor’s MicroStrategy (MSTR) Plans One other $700M Convertible Be aware Issuance to Redeem Debt, Increase Bitcoin (BTC) Stash

by Jeremy

The corporate, led by Govt Chairman Michael Saylor, began buying bitcoin in 2020, adopting it as a reserve asset for its treasury. Since then, it has change into the largest company purchaser of bitcoin, accumulating 244,800 BTC, price roughly $14.2 billion at present costs. Solely days in the past, MicroStrategy disclosed the acquisition of a further $1.1 billion price of bitcoin, leaving it with $900 million out there beneath a earlier providing.

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