Bitcoin

<h2 id="header-0">Chika Moji New Memecoin, Get 100,000 Chika Tokens $100 Free, Join Airdrop Now On <a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">ChikaMoji.lol</a></h2><h2 id="header-1"></h2><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/3939d69c96274b1680fb76a61e427127.png" /><p></p><p>MicroStrategy keeps aggressively buying Bitcoin while completing another $603.75 million offering of convertible notes.</p><p>MicroStrategy, one of the largest public holders of Bitcoin has completed another convertible notes offering to increase its Bitcoin stash.</p><p>Former MicroStrategy CEO Michael Saylor took to X on March 18 to announce that MicroStrategy had completed its previously announced offering of 0.875% convertible senior notes due 2031.</p><p>The notes sold in the offering amounted to $603.75 million, including $78.75 million aggregate principal amount of notes issued pursuant to an option to purchase.</p><p>According to the announcement, the notes were sold in a private offering to qualified institutional buyers in compliance with securities laws in the United States.</p><h2 id="header-2">Chika Moji New Memecoin, Get 100,000 Chika Tokens $100 Free, Join Airdrop Now On <a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">ChikaMoji.lol</a></h2><p>The offering comes days after MicroStrategy completed a $800 million convertible note offering on March 8, with the proceeds used to add 12,000 BTC to its Bitcoin treasury reserve.</p><p>Just like the previous offering, MicroStrategy will use the net proceeds from the convertible notes sale to acquire additional Bitcoin, the announcement stated.</p><p>Minutes after announcing the fresh $604 million offering, Saylor also announced the acquisition of an additional 9,245 BTC using the proceeds from convertible notes and excess cash.</p><p>The average price of the purchase amounted to $67,382 per BTC, the former CEO noted, adding that MicroStrategy held a total of 214,246 BTC, or 1.02% of Bitcoin’s total supply to be mined.</p><p>The firm paid an average price of $35,160 per BTC for its entire stash of Bitcoin.</p><p>As previously mentioned, MicroStrategy announced its second fundraiser on March 13, targeting $600 million through a private senior convertible notes offering.</p><h2 id="header-3">Chika Moji New Memecoin, Get 100,000 Chika Tokens $100 Free, Join Airdrop Now On <a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">ChikaMoji.lol</a></h2><p>Senior convertible notes are a debt security that can be converted into equity at a later date. MicroStrategy’s notes will mature on March 15, 2031, unless earlier repurchased, redeemed or converted in accordance with their terms.</p><p>The notes are “senior” to common shares because holders have priority in the event of bankruptcy or liquidation.</p><p>Saylor has emerged as one of the biggest Bitcoiners dedicated to hodling Bitcoin. Last month, the former MicroStrategy CEO claimed he has no plans to sell Bitcoin.</p><p>“I’m going to be buying the top forever. Bitcoin is the exit strategy,” Saylor said after being asked if his firm would sell its stash counting 190,000 BTC at the time.</p><h2 id="header-4">Chika Moji New Memecoin, Get 100,000 Chika Tokens $100 Free, Join Airdrop Now On <a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">ChikaMoji.lol</a></h2><p>#Bitcoin  #Altcoin  #Cryptocurrency  <strong>#CryptoNews </strong> <strong>#MicroStrategy </strong>$BTC $SOL $XRP</p>

MicroStrategy sells another $604M of notes to buy 9K Bitcoin

Table of Contents

cmcdelete@edb8d1ee4ec9a85c04690131b307c085

Other articles published on Mar 19, 2024

Arbitrum (ARB) Whales on the Move: Token Unlock Shakes Up Crypto Market as Gas Fees Plummet

Bitcoin Plunges Below $63,000, Triggers Market-Wide Crypto Selloff

Solana’s Meme Coin Slerf Shines, Leaves Ethereum Behind in DEX Volume

Iconic Dogwifhat Meme Coin Photo Sells as NFT for $4.3 Million

A Drop of Ethereum Fees Will Spark a Ripple Effect in Crypto Adoption

Crypto Price Prediction: Why Memecoins Bled Most In Today’s Market Correction?

Join our free newsletter for daily crypto updates!