MicroStrategy bets big with a new $700M debt offering to fuel Bitcoin purchases
MicroStrategy (NASDAQ: MSTR), the largest publicly traded corporate holder of Bitcoin (BTC), has announced an upsized debt offering to fund further cryptocurrency acquisitions. The company disclosed that it plans to raise $700 million through senior convertible notes maturing in 2032, priced to yield 2.25% annually. Buyers also have the option to purchase an additional $100 million in senior securities. Details of the debt offering The $700 million debt offering , initially announced at $500 million, includes an option for initial purchase rs to buy an additional $100 million in notes. Picks for you Bitcoin investor builds $1,100 diversified crypto portfolio with surprising results 19 seconds ago Imminent breakout? Bitcoin investors ...