🚀MicroStrategy, the Bitcoin-hoarding software firm, is upping its game! The company has announced a new $700 million debt offering due in 2032, upsized from the previously announced $500 million. And guess what they're going to do with it? Buy more Bitcoin, of course! 🤑
This move aligns with their not-so-micro strategy to bolster their BTC holdings and position in the crypto market. The notes will bear interest at a rate of 2.25% per annum, payable semi-annually.
Just a heads up, these notes are being sold under Rule 144A of the Securities Act 1933, meaning they won't be officially registered under the SEC.
What do you think about this move? Let's chat in the comments! 💬