Hold onto your hats, folks! American business intelligence bigwig MicroStrategy (formerly known as “MicroStrategy”) is about to embark on a wild ride to raise a whopping $2 billion for one purpose and one purpose only: buying more Bitcoin! 🚀
MicroStrategy and Bitcoin: A Match Made in Crypto Heaven 💘
The company announced it’s offering 0% Convertible Senior Notes due in 2030, but there’s a catch! 😲 It’s only available to those fancy-schmancy qualified institutional buyers. No worries if the notes are oversubscribed; MicroStrategy is ready to expand up to $300 million more to accommodate even more investors!
What will they do with all that Bitcoin, you ask? Good question! Besides buying more pixelated coins, MicroStrategy plans to use the proceeds for general corporate purposes, like keeping the lights on and the coffee brewing. ☕️
This announcement comes after MicroStrategy hit the pause button on BTC purchases not once, but twice in the past 14 weeks. But hey, who needs consistency when you’ve got a company so dedicated to its Bitcoin obsession? 😜
Stay tuned for more updates on this thrilling tale of Bitcoin, bonds, and big-time business! 📰
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2025-02-19 00:46