Micheal Saylor’s MicroStrategy has announced that it will raise $500 million to purchase more Bitcoin (BTC). The firm intends to raise the money from institutional buyers. According to the official release, the firm intends to offer ‘$500 million aggregate principal amount of convertible senior notes due 2032 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers.‘
MicroStrategy currently holds around 214,400 BTC at worth about $7.5 billion.
it's average price is 39000 and they are buying more
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