The American business intelligence and software intelligence company (Microstrategy) has announced its plans to raise funds by issuing private debts to buy more bitcoin. The company targets a major amount of $ 2 billion for 0 % debt notes.
Microstrategy and Bitcoin: the same template
As the company DeclareThe upper notes are scheduled to be on March 1, 2030, taking into account the conditions of market and other factors. However, the product comes with the condition that it is only available for qualified institutional buyers. If the notes are exaggerated, the company said it could expand up to $ 300 million to accommodate more investors.
Besides buying more bitcoin units, Microstrategy said it intends to use the revenues of this offer for public companies such as working capital. The last plan to issue these debt offers comes yet The strategy stopped temporarily to buy BTC For the second time in 14 weeks.
Although it is temporarily stopping, market supporters are still convinced that the company is not out of the basic template, which is focused on BTC.
This is urgent news. Please check again for updates !!!
Godfrey Benjamin
Benjamin Jodfrey is a blockchain lover and journalists who enjoy writing about the real life applications of Blockchain technology and innovations to pay public acceptance and complementarity all over the world for emerging technology. His desires to educate people about encrypted currencies inspire his contributions to the media and the famous Blockchain sites. Benjamin Jodfrey is a fan of sports and agriculture. Follow it xand LinkedIn
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
partner: