Tagged: microstrategy

April 13, 2021 @ 4:34 pm By Omar Faridi  |  

HSBC (NYSE: HSBC) is reportedly preventing its clients from purchasing shares of MicroStrategy (NASD:MSTR), a company that has been actively acquiring Bitcoin (BTC) as part of its efforts to increase the value of its corporate treasury. HSBC stated that it would not be facilitating the… Read More

April 12, 2021 @ 8:56 am By JD Alois  |  

Longtime Bitcoin bull Microstrategy (NASD:MSTR) has filed an 8-K stating that directors on the company’s board will now be paid in Bitcoin. Microstrategy has emerged as a huge crypto proponent due to its mission of holding Bitcoin on its balance sheet and issuing debt to… Read More

February 16, 2021 @ 11:14 am By JD Alois  |  

Microstrategy (NASD:MSTR) has announced its intent to offer $600 million in debt and use the proceeds to buy more Bitcoin. Microstrategy made headlines in a previous debt offering when the company did the same. In December, Microstrategy closed on an offering of $650 million of… Read More

February 8, 2021 @ 10:33 am By JD Alois  |  

  Bitcoin is hitting new highs today fololowing a 10-K filed by Tesla (NASDAQ:TSLA) that revealed it had purchased $1.5 billion in Bitcoin and may purchase other digital assets in the future. Simultaneously, Tesla said they expect to commence accepting Bitcoin as a method of… Read More

December 22, 2020 @ 8:04 am By Omar Faridi  |  

MicroStrategy Incorporated (Nasdaq: MSTR), which claims to be the largest independent publicly-traded business intelligence firm, revealed on December 21, 2020 that it has acquired an additional (approximately) 29,646 Bitcoins valued at around $650 million in cash – a move that’s in accordance or consistent with… Read More

December 11, 2020 @ 5:28 pm By JD Alois  |  

MicroStrategy Incorporated (Nasdaq: MSTR) has closed on an offering of $650 million of 0.750% convertible senior notes due 2025. Previously announced, MicroStrategy boosted the sale by $100 million as qualified institutional buyers purchased above the original amount. MicroStrategy estimates that the net proceeds from the… Read More

December 8, 2020 @ 7:36 am By Omar Faridi  |  

MicroStrategy Incorporated (Nasdaq: MSTR) has revealed that it plans to provide (subject to market conditions and other factors) $400 million aggregate principal amount of convertible senior notes due 2025 in a private offering to “qualified institutional buyers in reliance on Rule 144A under the Securities… Read More