Tagged: microstrategy

Proxy for Bitcoin? Microstrategy Announces it Intends to Issue $600 Million of Debt to Buy Bitcoin

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

Elon Musk Buys Bitcoin, Crypto Insiders Respond

  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

$1.6 Billion+ in Bitcoin (BTC) Now Held by Nasdaq listed MicroStrategy, Company Stock Surges 5% after Another Large BTC Purchase

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

More Bitcoin: MicroStrategy Adds $100 Million to Note Offering to Buy Bitcoin

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

Business Intelligence Firm MicroStrategy Proposes Private Offering of $400M of Convertible Notes so Proceeds May be Invested in Bitcoin (BTC)

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

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