MicroStrategy Boosts Note Offering – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

Software intelligence firm MicroStrategy has reportedly raised its latest note offering from $400 million to $500 million, bearing an interest rate of 6.125%, which will fund more bitcoin purchases by the company, according to a recent report by Yahoo Finance.

MicroStrategy released an announcement on the pricing update.

The company received a large number of orders totaling $1.6 billion from hedge funds, according to Yahoo Finance, prompting the company to increase the note sale from $400 to $500 million. The significant amount of interest for MicroStrategy’s recent junk bond sale comes as the price of bitcoin has decreased by more than 40% over the last month.

Read More

Be the first to comment