Wednesday

Bitcoin

Reported by The Block, following its $800 million debt raise last week, Microstrategy is planning to sell an additional $500 million of its debt to snap up more bitcoin, as the red-hot cryptocurrency market pushed the token’s price past $70,000.
The debt is purchasable in the form of senior notes, which will mature on March 15, 2031. The company said Wednesday in a statement that investors will receive interest-payable arrears, or payouts, twice a year. According to MicroStrategy, buyers can convert part or all of the notes into cash.
The sale follows the company’s recent bitcoin buying spree. The bitcoin-based business purchased more than $800 million worth of the cryptocurrency earlier this week, CNBC reported Wednesday, citing its recent interview with MicroStrategy CEO Michael Saylor. It did so by issuing roughly that amount in senior debt.

Microstrategy to Issue Additional $500M Debt to Buy Bitcoin

TokenInsight

Other articles published on Mar 14, 2024

Bitcoin ETF: BlackRock & Fidelity Saw Inflows Of $870M

Satoshi-Era Bitcoin Wallet Suddenly Revives After 14 Years: Details

XRP Dropped to $0.67 Following 140M Move by Ripple

Bitcoin Down 2% To $71K, Faces 'Resistance' Says Trader Who Targets This Price For A Correction

Is Bakkt, a Crypto Firm, Getting Delisted from NYSE? If Yes, Why?

Bitcoin analyst expects 'big move' as BTC price taps new $73.8K record

Join our free newsletter for daily crypto updates!