MicroStrategy Expands Bitcoin Holdings with $786M Acquisition, Completes Notes Offering

MicroStrategy raises $800M via convertible notes to expand Bitcoin holdings, acquiring 11,931 BTC at $36,798 each. MicroStrategy closed an $800 million offering of convertible senior notes to qualified institutional buyers. The notes, maturing in 2032, carry a 2.25% annual interest rate and are payable semi-annually starting December 15, 2024. MicroStrategy exercised an option to issue The post MicroStrategy Expands Bitcoin Holdings with $786M Acquisition, Completes Notes Offering appeared first on Coin Edition .

Source: Coin Edition