Crypto:
30351
Bitcoin:
$64.266
% 0.00
BTC Dominance:
%54.1
% 0.13
Market Cap:
$2.34 T
% 0.00
Fear & Greed:
53 / 100
Bitcoin:
$ 64.266
BTC Dominance:
% 54.1
Market Cap:
$2.34 T

MicroStrategy Eyes Up to $592 Million from New Debt Sale

Microstrategy

Business intelligence firm MicroStrategy is set to raise significant capital through a new debt offering. The company announced on Friday that its sale of senior convertible notes could bring in between $515 million and $592.3 million.

Details of the Debt Offering

  • Total Offering Size: Up to $600 million
  • Expected Proceeds: $515 million to $592.3 million
  • Note Type: Senior convertible notes
  • Interest Rate: 0.875% per annum, payable twice a year
  • Maturity Date: 2030

This debt sale follows a similar private placement offering launched by MicroStrategy earlier this week.

Market Conditions at the Time of Announcement

  • Bitcoin Price: $67,900 (down 3.72% in the past 24 hours according to The Block)
  • MicroStrategy Stock Price: $1,623 (down 3.15% from Thursday’s close)
  • MicroStrategy’s Bitcoin Holdings: 205,000 BTC (worth nearly $14 billion)

Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our TelegramYouTube and Twitter channels for the latest news and updates.

Rate this post
READ:  Forcount Ponzi Scheme Promoter Admits Guilt in $8.4 Million Fraud Case

Leave a Reply

Your email address will not be published. Required fields are marked *