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Cryptocurrencies: 26009
Markets: 101336
Market Cap: $2,905,692,986,217     
24h Vol: $64,980,493,784
Seeking Alpha 2021-02-16 12:26:30

Bitcoin pushes through $50K as Michael Saylor's Microstrategy buys more

Bitcoin pushes through $50K as Michael Saylor's Microstrategy buys more
MicroStrategy (MSTR) to privately offer $600M of convertible senior unsecured notes due February 15, 2027, with net proceeds used to purchase more Bitcoin (BTC-USD).Initial purchasers will be granted an option to purchase up to an additional $90M of the notes. The news looks to have caused a big move higher in Bitcoin, taking the price as high as $50.3K. That time above $50K didn't last too long, with Bitcoin now having moved back to $49.5K.Microstrategy is up 5% premarket.Previously: Bitcoin takes aim at $50K as more banks look to participate (Feb. 14)
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