Share this article
MicroStrategy Boosts Note Offering to $500M as It Seeks to Buy Yet More Bitcoin: Report
The business intelligence firm originally planned to offer $400 million in senior secured notes.
Updated Sep 14, 2021, 1:08 p.m. Published Jun 8, 2021, 4:42 p.m.
Make us preferred on Google
Business intelligence firm MicroStrategy has boosted its planned bond offering to $500 million, according to a tweet from Bloomberg.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- No other details were yet available.
- On Monday, MicroStrategy said it intends to offer $400 million in senior secured notes to raise funds to boost its holdings of the leading cryptocurrency by market capitalization beyond the 92,079 it already holds.
- At the same time, the company warned that based on the fluctuations of the bitcoin price during the Q2 to the present date, it sees taking an impairment of at least $284.5 million for the quarter ending June 30.
Read more: MicroStrategy to Offer $400M in Notes to Buy More Bitcoin Even as It Warns of $284.5M Impairment
More For You
Lebih untuk Anda
Bitcoin claws back to $70,000 on cooling inflation after $8.7 billion wipeout
Despite the price recovery, the Crypto Fear & Greed Index remains in “extreme fear,” indicating underlying market anxiety.
Yang perlu diketahui:
- Bitcoin’s price recovered above $70,000 after a drop, driven by cooler-than-expected U.S. inflation data and increased risk appetite.
- Despite the price recovery, the Crypto Fear & Greed Index remains in “extreme fear,” indicating underlying market anxiety.
- $8.7 billion in bitcoin losses were realized in the last week, potentially signaling a capitulation event and a shift of supply to stronger hands.
Top Stories
