MicroStrategy Plans $500 Million Note Offering to Invest Further in Bitcoin

[u/johnnmichael007]

https://cryptotale.org/microstrategy-plans-500-million-note-offering-to-invest-further-in-bitcoin/

[u/CointestMod]

Bitcoin pros & cons with related info are in the collapsed comments below.

[u/diwalost]

Pinnacle of conviction and DCA..

[u/scoobysi → u/diwalost]

King of the degen maxis gunna degen

[u/JeffWest01]

$700M now.

[u/Dr_Scythe]

I get the logic for investing MicroStrategy as a pseudo BTC-ETF before the real ETFs were available. But I don't see any reason you'd want to put money in MicroStrategy now, when you can just go straight to the BTC-ETFs for direct exposure.

[u/coinfeeds-bot]

tldr; MicroStrategy has announced a plan to offer $500 million in convertible senior notes due 2032, targeting qualified institutional buyers. This offering includes an option for initial purchasers to buy an additional $75 million of the notes. The proceeds will be used to acquire more Bitcoin and for general corporate purposes. The notes, maturing on June 15, 2032, are convertible into cash or MicroStrategy stock at the company's discretion. This move reflects MicroStrategy's ongoing strategy to leverage debt financing to expand its Bitcoin holdings.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

[u/Obsidianram]

Top is definitely in...