MicroStrategy Again Raises US$ 500 Million to Add Bitcoin Collection

On Friday (14/6/2024) morning, the price of Bitcoin (BTC) fell and touched US$ 66,792. According to data from coingecko, this level was reached when Bitcoin plunged by 1.5 percent in 24 hours. Not a few analysts have advised investors to hold back and wait for confirmation to re-enter. However, on the other hand, there are also investors who immediately 'jump in' because they are afraid of missing out when prices fall.

As was done by MicroStrategy, which recently announced plans to raise US$ 500 million to buy more Bitcoin (BTC). This news was conveyed by watcher.guru media on its official X page.

This announcement was made in a press release, which explained that the funds would be raised through the sale of bonds to institutional buyers.

In this case, MicroStrategy plans to offer bonds worth US$ 500 million that will mature in 2032. These bonds will be sold to qualified institutional buyers.

This move is in line with the company's optimistic long-term view of Bitcoin.

For your information, MicroStrategy, led by CEO Michael Saylor, is one of the largest Bitcoin holders in the world. As of May 1, 2024, the company held approximately 214,400 BTC, which was worth approximately US$ 7.5 billion.

These Bitcoins were purchased at an average price of US$ 35,158 per BTC, showing the company's consistent strategy in accumulating Bitcoin.

Suddenly, this announcement has given rise to speculation about a possible increase in the price of Bitcoin. In addition, Saylor, who is known as a strong supporter of Bitcoin, continues to show optimism about the future of this crypto.

Market and platform analysts are optimistic about Bitcoin's prospects. CoinCodex, a cryptocurrency market analysis platform, predicts that Bitcoin could rise significantly in the coming weeks. According to CoinCodex, BTC may reach a new high of US$ 76.176 on June 16, 2024.