As a seasoned analyst with over two decades of experience in the financial markets, I’ve witnessed countless corporate moves aimed at maximizing shareholder value. However, MicroStrategy’s relentless pursuit of Bitcoin under the leadership of Michael Saylor is nothing short of extraordinary.
On the X social media platform, it’s been reported by Bloomberg Terminal that Michael Saylor’s MicroStrategy company, a major player in the industry, has taken another action to boost its Bitcoin holdings.
As per the latest update from X’s post, the company has expanded its previously announced offering of $1.75 billion bonds to a staggering $2.8 billion. These funds are earmarked for the acquisition of an extra batch of Bitcoins.
Microstrategy is planning to increase the sale of notes from the previous $1.75 billion to a new total of $2.6 billion. The proceeds from this sale will be used to purchase Bitcoin.
— *Walter Bloomberg (@DeItaone) November 20, 2024
On November 18th, it was first revealed that the company proposed to sell convertible senior notes to investors, with a maturity date set for 2029.
According to U.Today’s recent report, MicroStrategy recently purchased a staggering $4.6 billion in Bitcoin within a week, which amounts to 51,780 Bitcoins. Now, this company’s total Bitcoin holdings stand at approximately 331,200 Bitcoins, translating to around $29.7 billion based on the current market price of Bitcoin.
On Tuesday, Bitcoin soared to a new historic peak of $94,000 per coin.
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2024-11-20 16:35