🔥🔥🔥 Update: MicroStrategy recently announced the issuance of an additional 200 million USD in bonds, thereby increasing the recently raised amount to 700 million USD.
Original article: According to the latest announcement,
MicroStrategy has just raised an additional $500 million in capital through the issuance of convertible bonds. According to them, the proceeds will be used to buy more Bitcoin (BTC).
The Notes will pay interest twice a year and will mature on June 13, 2032, unless earlier repurchased, redeemed or converted in accordance with their terms. In addition, the bonds will be convertible into cash, MicroStrategy Class A shares or a combination of cash and MicroStrategy Class A shares.
