Market Cap: $3,052,473,135,211
24h Vol: $86,926,750,486
Cryptocurrencies: 28005
Markets: 116055
Cryptocurrencies: 28005
Markets: 116055
Market Cap: $3,052,473,135,211     
24h Vol: $86,926,750,486
Seeking Alpha 2021-02-17 12:44:46

MicroStrategy raised $900M convertible capital to acquire more bitcoins

MicroStrategy raised $900M convertible capital to acquire more bitcoins
MicroStrategy (MSTR) has priced upsized $900M (from $60M) private offering of 0% convertible senior unsecured notes due February 15, 2027.Initial purchasers granted an option to purchase up to an additional $150M of the notes.Offering is expected to close on February 19. Net proceeds to be ~$879.3M (or ~$1B if the initial purchasers exercise their option in full) which will be used to acquire additional bitcoin.Bitcoin rally continues from $50K yesterday to $51K today.Previously: Bitcoin pushes through $50K as Michael Saylor's Microstrategy buys more (Feb. 16)Previously: Bitcoin rally keeps going, tops $51K for first time (Feb. 17)
esptco-banner img
Latest News

Videos

  • Ethereum Classic (ETC): What is Ethereum Classic (ETC)? EXPLAINED!

  • What is a Shiba Inu Coin & How Does it Work? Simply Explained!

  • Digibyte: What is DGB? EXPLAINED!

  • A Beginner Guide to Web 3.0: Everything You Need to Know About Web 3.0!

Our Partners

Hashing Ad Space
Inbound Junction
Magic Logix
Asimi
Crypto Marketing Agency, FINPR
Chainwire