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MicroStrategy, a Nasdaq-listed software company and the largest institutional holder of Bitcoin (BTC), has increased its convertible bond offering by 40%, or $200 million, to $700 million, in addition to its $500 million initial plan. 
The notes, which mature in June 2032, are being offered to institutional investors through a special offering. These will be unsecured, senior obligations and will be priced to offer a 2.25% annual yield. The Tysons Corner, Virginia-based company also offered initial buyers the option to purchase an additional $100 million of bonds within 13 days of the initial issuance. 
The company expects to close the offering on Monday. Proceeds from the issuance will be used to purchase more Bitcoin and for general corporate purposes. 
Related News: <a href="https://en.bitcoinsistemi.com/analysis-company-reveals-the-truth-bitcoin-miners-started-moving-btc-to-exchanges/" target="_blank" rel="dofollow">Analysis Company Reveals the Truth: "Bitcoin Miners Started Moving BTC to Exchanges"</a> 
Shares of MicroStrategy traded just above $1,500, up nearly 2% in the early session today, following a 7.5% decline the previous day. Earlier today, brokerage Bernstein set the price target on MicroStrategy at $2,890. 
The company has 79,296 BTCs worth $5.27 billion at the time of writing. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/microstrategy-and-michael-saylor-are-unstoppable-they-made-an-additional-200-million-bitcoin-move/">MicroStrategy and Michael Saylor Are Unstoppable: They Made An Additional $200 Million Bitcoin Move</a>

MicroStrategy and Michael Saylor Are Unstoppable: They Made An Additional $200 Million Bitcoin Move

Bitcoin Sistemi EN

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