Tagged: microstrategy

Bitcoin Proxy: MicroStrategy Sells $500 Million in Debt to Buy More BTC

MicroStrategy (Nasdaq:MSTR) , an analytics software firm that has emerged as a publicly traded Bitcoin proxy, has announced the completion of a sale of $500 million in secured notes with an annual coupon of 6.125%. The notes were sold in a private placement and come… Read More

Bitcoin Mining Operators in N. America Agree in Meeting with Elon Musk to Form Council to Promote Energy Usage Transparency

Michael Saylor, Founder at CEO at MicroStrategy (NASDAQ: MSTR), a business intelligence firm that has invested heavily in Bitcoin (BTC) in order to strengthen its corporate treasury, has revealed that he recently hosted a meeting between Telsa and SpaceX CEO Elon Musk and the leading… Read More

HSBC Is Preventing Clients from Purchasing Shares in MicroStrategy, a Company Aggressively Adding Bitcoin to its Balance Sheet: Report

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

Microstrategy Files 8-K Indicating Directors Will Now Be Paid in Bitcoin

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

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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