Summary
Software firm MicroStrategy plans to offer $600 million in convertible senior notes to purchase more Bitcoin and boost its BTC holdings. The company currently holds the most Bitcoin of any public company, with over 193,000 BTC worth over $13 billion. MicroStrategy founder Michael Saylor is a strong supporter of Bitcoin and began buying the asset in 2020. The company’s stock has been surging as Bitcoin’s price rises.
Key Points
1. MicroStrategy plans to offer a private sale of $600 million worth of convertible senior notes to purchase more Bitcoin and boost its BTC holdings, along with other corporate expenses.
2. MicroStrategy currently holds the most Bitcoin of any public company, with 193,000 BTC totaling over $13 billion following Bitcoin’s recent price surge. The company’s stock has been surging as Bitcoin approaches its all-time high price.
3. MicroStrategy founder Michael Saylor is a prominent Bitcoin advocate, and the company began its Bitcoin buying campaign in 2020. Despite market fluctuations, MicroStrategy has remained steadfast in its Bitcoin holdings, which have more than doubled in value since purchase.