The company will issue another $700 million in convertible notes. Cryptocurrency investors know what that means. MicroStrategy has invested a significant portion of its cash in Bitcoin (BTC) in every debt issuance to date. $59,001 used it to buy. The company, which bought billions of dollars in BTC, is aiming for more.
MicroStrategy May Buy Bitcoin
Bond The company, which obtains cash by issuing, pays interest to buyers in return. The company uses millions of dollars of cash for its cash needs and Bitcoin purchases. The announcement that just came was about the new $700 million bond issuance. The company, which will make payments to bond buyers every 6 months starting on March 15, 2025, will complete the payment in 2028.
Payments will be made on March 15 and September 15 of each year.
“MicroStrategy will use the net proceeds from this offering to redeem $500.0 million aggregate outstanding principal amount of MicroStrategy’s 6.125% Senior Secured Notes due 2028 (the “Senior Secured Notes”) and use a portion of the net proceeds to purchase Bitcoin.”
This information is included in the details of the company announcement. In other words, a portion of the remaining $200 million, which we will learn when it is announced, may be purchased in the coming weeks.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
