Michael Saylor shared in a post on his X account that MicroStrategy has completed an $800 million bond offering with plans to buy more Bitcoin.#gala #PIXEL #BTC #Meme #MichaelSaylor
MicroStrategy founder Michael Saylor shared in a post on his X account that MicroStrategy has completed an $800 million bond offering with plans to buy more Bitcoin.
“MicroStrategy announced today that it has completed its previously announced offering of 0.625% 2030 Convertible Senior Notes due March 8, 2024.
The net proceeds from the sale of the Notes were approximately $782 million, after deducting discounts and commissions to initial purchasers and estimated offering expenses payable by MicroStrategy.
MicroStrategy acquired additional Bitcoin using the net proceeds from the sale of the Notes.
According to subsequent information, on March 11, 2024, MicroStrategy announced that it had purchased approximately 12,000 bitcoins for approximately US$821.7 million in cash between February 26, 2024 and March 10, 2024.
The company said $781.1 million of the proceeds came from bond sales and $40.6 million came from excess cash.
*This is not investment advice.
