MicroStrategy, a major Bitcoin holder among publicly traded companies in the U.S., announced yesterday (13th) its plan to issue $500 million worth of convertible senior notes to qualified institutional investors and use the proceeds to buy more Bitcoin. However, the stock price fell instead of rising.
AlexThe value of MicroStrategy’s Bitcoin holdings has grown to about $13.5 billion since the company began buying the digital asset as part of its efforts to hedge against inflation.
JinseFinanceMicroStrategy’s Bitcoin holdings have surpassed $11 billion and its shares are likely to rise on increased institutional Bitcoin demand and the cryptocurrency’s halving, Benchmark said.
JinseFinanceA few days ago, Microstrategy, a US-listed company known for its accumulation of Bitcoin (BTC), released its fourth quarter financial report for 2023.
JinseFinanceMicrostrategy's aggressive Bitcoin investments and innovative Lightning Rewards program underscore its strong belief in cryptocurrency as a key corporate asset.
BrianSaylor previously stated that the move would allow him to meet his “personal obligations” and, of course, purchase more Bitcoin.
JinseFinanceMicroStrateg was founded nearly 35 years ago, and for much of its history it was a little-known software company focused on business intelligence. MicroStrategy's investor appeal comes almost entirely from Bitcoin.
JinseFinance
The soon-to-be former CEO said splitting the roles of MicroStrategy's chief executive officer and chair would help the firm pursue its strategy of "acquiring and holding Bitcoin."
CointelegraphThe Bitcoin market has been extremely volatile and leaning towards dips that left many traders and investors on panic mode. ...
Bitcoinist