#BTC

MicroStrategy to Inject $3 Billion into Bitcoin (BTC)

Michael Sailor Plans to Buy $3 Billion in Bitcoin

Michael Sailor’s MicroStrategy announced that it has completed the previously announced offering of 0% convertible notes due in 2029. This comes as part of the company’s plans to acquire Bitcoin.

The company noted that “MicroStrategy intends to use the net proceeds from the sale of the notes to purchase additional Bitcoin and for general corporate purposes.”

Earlier this week, Bitcoin Holdings announced the purchase of 51,780 Bitcoin, with an investment value of an astonishing $4.6 billion. As a result, the company holds a total of 331,200 Bitcoin as part of its reserves.

Cryptocurrency market analysts expect Michael Sailor to

invest in this additional $3 billion in Bitcoin at

any time. If so, this would send Bitcoin to $135,000 by the end of the year. Given that Saylor is known for buying Bitcoin at any price, the next big Bitcoin purchase could be announced anytime soon.