Wednesday

Bitcoin

Reported by The Block, following its $800 million debt raise last week, Microstrategy is planning to sell an additional $500 million of its debt to snap up more bitcoin, as the red-hot cryptocurrency market pushed the token’s price past $70,000.
The debt is purchasable in the form of senior notes, which will mature on March 15, 2031. The company said Wednesday in a statement that investors will receive interest-payable arrears, or payouts, twice a year. According to MicroStrategy, buyers can convert part or all of the notes into cash.
The sale follows the company’s recent bitcoin buying spree. The bitcoin-based business purchased more than $800 million worth of the cryptocurrency earlier this week, CNBC reported Wednesday, citing its recent interview with MicroStrategy CEO Michael Saylor. It did so by issuing roughly that amount in senior debt.

Microstrategy to Issue Additional $500M Debt to Buy Bitcoin

TokenInsight

Other articles published on Mar 14, 2024

Bitcoin ETF: BlackRock & Fidelity Saw Inflows Of $870M

Froggies Token: Leaping Towards a New Era of Cryptocurrency Innovation and Community Engagement

Bitget Lists Brett (BRETT) to Introduce New Cultural Icon in DeFi Space (14 Mar)

Martin Shkreli questions Dogwifhat’s value, explores Solana meme coins

Bitcoin Hits New Peak, Eyeing Further Gains

Bitcoin To Altcoins: Why Crypto Whales Are Betting Big on These Altcoins Now?

Join our free newsletter for daily crypto updates!