The post MicroStrategy Announces $3 Billion Convertible Notes Offering with 55% Premium appeared first on Coinpedia Fintech News
MicroStrategy Inc. (NASDAQ: MSTR), a well-known company that is heavily invested in Bitcoin (BTC), has made another bold move to strengthen its balance sheet. The $96 billion company announced that it has successfully raised $3 billion to purchase more Bitcoins.
Earlier this week, MicroStrategy announced the pricing of its private offering of $2.6 billion on 0 percent convertible senior notes due by 2029. Remarkably, MicroStrategy has already completed the announced offering, having raised $3 billion, which included $400 million in additional purchases.
The company is expected to finalize a Bitcoin purchase before the end of this week, thus making it the largest buyer in the past few days. Earlier this week, MicroStrategy purchased 51,780 BTCs, worth about $4.6 billion, thus currently holding 331,200 coins.
Impact of MicroStrategy’s Bitcoin Acq
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