MicroStrategy announced the expansion of the total amount of a 2032 maturity debt issuance, which will be used to purchase additional Bitcoin for the company's treasury.

Initially, it was disclosed that the amount to be raised would be $500 million. However, on Friday, June 14, the company announced that the private offering for qualified institutional investors had been upsized to $700 million.

An unspecified portion of the proceeds will be used to increase the company's Bitcoin holdings, currently totaling 214,246 BTC – equivalent to $14.2 billion at market prices, according to Blockchain Center data.

While Michael Saylor's Bitcoin investment strategy has proven successful, the results could have been even better had MicroStrategy invested in Ethereum. Since the initial investment in August 2020, MicroStrategy has already invested over $7.5 billion to acquire 214,246 BTC, at an average price of approximately $35,315 per unit of the cryptocurrency. In nominal terms, the 88% profit yielded an additional $6.7 billion to the company's cash reserves.

However, contradicting Saylor's assertion that "there is no second best," if MicroStrategy had invested $7.5 billion in Ether, the profit would have been considerably higher.

This amount would have resulted in a treasury of 4,986,791 ETH, equivalent to $17.4 billion at current market prices. The net profit would have been 130%, meaning the investment would have yielded $9.8 billion to MicroStrategy's assets.

The results could have been even better if MicroStrategy had staked its ETH holdings. With an average yield of 4% per year, the company could have accumulated an additional 499,821 ETH, totaling 5,486,613 ETH, currently valued at $19.1 billion. #altcoins #BTC #bitcoin #BlackRock #ETHETFsApproved