After announcing last Tuesday that MicroStrategy will plan to buy $ 600 million of Bitcoin by selling convertible banknotes, the business intelligence company raised the bet by $ 300 million. Others.
According to the Queen Telegraph, MicroStrategy yesterday evening, Wednesday, said it would sell $ 900 million in convertible bonds maturing in 2027 at a special offer to eligible institutional buyers. / p>
According to the company’s estimates, sales revenue will be approximately $ 879 million. However, he added that it could reach $ 1 billion if the initial buyers made their full choice to purchase additional bonds.
where the business intelligence firm said it expects to close the offer on Friday, at which time it will receive additional Bitcoins. With the price of Bitcoin (BTC) reaching an all-time high of more than $ 51,000 today, MicroStrategy could soon have 19,000 additional Bitcoins in its vaults.
MicroStrategic's initial investment of $ 250 million in Bitcoin doubled last August, due to the recent rise of the cryptocurrency asset.
and the business intelligence firm has since purchased 16,796 Bitcoins for $ 175 million in September, then 2,9646 Bitcoin for $ 650 million through a bond issue in December. .
In addition, the company bought 314 Bitcoins for $ 10 million in late January, and 295 Bitcoins for $ 10 million earlier this month. >
If the purchase was made according to plan, the business intelligence firm would hold more than $ 3.5 billion of the cryptocurrency's principal in its reserves, or nearly 90,000 Bitcoin. This means that the company will control 0.48% of the traded supply of Bitcoin.
