As a seasoned analyst with over two decades of market observation under my belt, I must say that MicroStrategy’s latest move is nothing short of impressive. Michael Saylor and his team have demonstrated an unwavering commitment to Bitcoin, turning their company into a Bitcoin buying juggernaut.
According to an update by MicroStrategy’s CEO, Michael Saylor, the American business intelligence and software firm is poised to acquire additional Bitcoins (BTC). The company has disclosed its intention to sell $700 million worth of Convertible Senior Notes in a private offering. As usual, these funds will be utilized for purchasing more Bitcoin.
MicroStrategy In Epic Bitcoin Buying Streak
The company led by Michael Saylor has been consistently purchasing large amounts of Bitcoin as part of their Treasury Reserve Asset strategy. Recently, they announced another private debt offering, following their recent purchase of $1.1 billion in Bitcoin, which significantly boosted their stock value.
In August 2024, MicroStrategy began investing in Bitcoin and has continued to do so since then. Regularly, the company issues Senior Convertible Notes as a means to strengthen its Bitcoin-related investments.
This is a breaking news, please check back for updates!!!
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2024-09-16 23:33