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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.
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Business intelligence firm MicroStrategy has boosted its planned bond offering to $500 million, according to a tweet from Bloomberg.
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- 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
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