Appetizing Bitcoin move from MicroStrategy
Technology company MicroStrategy purchased Bitcoin (BTC) after completing an $800 million convertible bond offering. The company increased the amount of BTC it holds.
MicroStrategy, a public company in the USA and holding BTC, had planned to sell bonds in order to buy more BTC. Making an announcement on the subject, the company announced that it completed the 2032 maturity convertible bond offering and generated $800 million in revenue.
MicroStrategy put $786 million in its safe after deducting the expenses incurred during the sale of the notes. The technology company purchased BTC with this cash.
MicroStrategy continues to buy Bitcoin (BTC)
MicroStrategy purchased 11,931 Bitcoin (BTC) with $786 million in net proceeds from the Note sale. Michael Saylor, founder and former CEO of MicroStrategy, announced that the company purchased BTC at an average price of $ 65,883.
