microstrategy-to-buy-another-$500-million-worth-of-bitcoin,-announces-a-btc-holding-company

MicroStrategy to Buy Another $500 Million Worth of Bitcoin, Announces a BTC Holding Company

MicroStrategy, the company, spearheaded by one of Bitcoin’s most vocal proponents, Michael Saylor, has completed yet another senior secured notes offering to buy more BTC.

  • In an announcement revealed today, MicroStrategy said it’d completed a $500 million offering of senior secured notes due 2028 to buy more bitcoins.
  • As it stands, the company now owns approximately 92,079 bitcoins.
  • The notes have been sold in a private offering to qualified institutional buyers in full accordance and reliance on Rule 144A under the Securities Act of 1933.
  • Interestingly enough, though, the company has also announced a newly-formed subsidiary – MicroStrategy LLC, which now holds all the bitcoins.
  • This followed the news of Paul Tudor Jones, who said that he wants to allocate 5% of his portfolio to BTC.
  • The price has so far reacted positively as it now eyes $41,000, at the time of this writing.
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BTC/USD. Source: TradingView

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