We already know that MicroStrategy is an ardent supporter of Bitcoin, and its CEO urged other companies to invest in it at a recent conference. To push forward, this company is planning to buy even more Bitcoins. For that, it will sell senior notes (convertible, due 2027) worth $600 million in aggregate. Those who will be the first purchasers can purchase an additional $90 million too. The company will use the net proceeds to purchase more cryptocurrencies in the future.
On Tuesday during early trading hours, MSTR’s volume was down by 5%. Microstrategy shed its cloak of obscurity and hogged the headlines last August, after using treasury funds to purchase Bitcoins. Since then, it currently has $3.5 million of this currency, which they plan to increase very soon. We don’t have all the details, just yet, but we will update you as soon as possible.
