Summary
TLDR: MicroStrategy, a software firm now branded as a Bitcoin development company, plans to offer $500 million worth of convertible senior notes to institutional buyers to purchase more Bitcoin. They are already the largest corporate holder of Bitcoin with 205,000 coins. Former CEO Michael Saylor believes crypto strategy is the best way to preserve wealth. Bitcoin is currently priced at $73,220 per coin and hit a new all-time high above $73,600.
Key Points
1. MicroStrategy plans to offer $500 million worth of convertible senior notes to institutional buyers to buy additional cryptocurrency.
2. The company is the largest corporate holder of Bitcoin, with 205,000 digital coins in its treasury, valued at over $15 billion.
3. MicroStrategy’s former CEO, Michael Saylor, believes that investing in Bitcoin is the best way to preserve wealth and generate returns for shareholders.