Michael Saylor’s MicroStrategy Plans Another Mega $1.7 Billion Convertible Note Issuance To Boost Bitcoin Stash

Nasdaq-listed Bitcoin holder firm MicroStrategy announced Monday evening that it intends to raise $1.75 billion through a private offering of zero-interest convertible senior notes, proceeds of which will be used to acquire additional bitcoin and on other corporate affairs. MicroStrategy’s 0% senior convertible note indicates that it will not pay regular interest to bondholders. The

Source: ZyCrypto