Michael Saylor’s MicroStrategy Raised $1B to Buy More Bitcoin

MicroStrategy Inc., a blockchain intelligence and software company, has successfully completed a private issuance of $1.01 billion in Convertible Senior Notes.

Initially aiming to raise $700 million, the offering was significantly oversubscribed, prompting the firm to increase the amount to $875 million before ultimately raising over $1 billion.

The funds are intended for further Bitcoin purchases.

Led by Michael Saylor, MicroStrategy has a history of issuing convertible notes to expand its Bitcoin holdings.

As one of the largest non-crypto firms on Wall Street with a substantial Bitcoin portfolio, the company’s strategy continues to attract significant investor interest.

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Alexander Stefanov

Reporter at CoinsPress

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