Home Latest News MicroStrategy plans to buy more Bitcoins

MicroStrategy plans to buy more Bitcoins

1 min read

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. 
Back to school - Get 20% Off

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.

Load More Related Articles
Load More By AtoZcrypto
Load More In Latest News

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Hong Kong Bitcoin ETFs: Investors Opportunity

Hong Kong Bitcoin ETFs: Unlock unprecedented access for mainland investors to the crypto m…