Bitcoin

Million

<h2 id="key-points">Key Points</h2>
<ul>
 <li>MicroStrategy intends to sell an additional $500 million in debt to acquire more Bitcoin.</li>
 <li>The company’s move follows a similar strategy by Coinbase, which recently announced the sale of $1 billion worth of senior notes.</li>
</ul>
<p>MicroStrategy is set to follow up on its recent $800 million debt raise with an additional sale of $500 million.</p>
<p>The proceeds from this sale are earmarked for further investment in <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a>. This move comes as the cryptocurrency’s value continues to surge, recently surpassing the $70,000 mark.</p>
<h2 id="debt-sale-details">Debt Sale Details</h2>
<p>The debt will be available for purchase as senior notes, maturing on March 15, 2031.</p>
<p>MicroStrategy announced that investors would receive interest-payable arrears or payouts twice a year.</p>
<p>Furthermore, note holders have the option to convert part or all of their notes into cash.</p>
<h2 id="recent-bitcoin-investments">Recent Bitcoin Investments</h2>
<p>The planned debt sale follows MicroStrategy’s recent acquisition of over $800 million worth of Bitcoin.</p>
<p>The company financed this purchase by issuing an equivalent amount in senior debt.</p>
<p>MicroStrategy’s shares were trading at $1,766 at the time of reporting, marking a 10% increase in the past 24 hours and a 170% increase over the past year.</p>
<p>MicroStrategy isn’t the only crypto-focused company leveraging debt to expand its business.</p>
<p><a href="https://crypto.ro/en/exchange/gdax/" rel="noopener noreferrer nofollow">Coinbase</a> recently announced its own plan to sell $1 billion in senior notes to institutional investors.</p>
<p>This strategy appears to be a growing trend among companies operating in the robust digital asset market.</p>

MicroStrategy Eyes $500 Million Debt Sale, Follows Own Path and Coinbase’s Strategy

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