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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/michael-saylor-increases-bitcoin-holdings-through-debt-issuance/" data-wpel-link="internal">Michael Saylor Increases Bitcoin Holdings Through Debt Issuance</a> 
Michael Saylor, who joined the cryptocurrency world during the previous <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">bull market</a>, has been a <a href="https://en.coin-turk.com/the-current-state-of-cryptocurrencies-bitcoin-and-altcoins-experience-massive-sell-offs/" data-wpel-link="internal">Bitcoin</a> enthusiast since 2020. Previously a critic of crypto, he became one of the biggest Bitcoin maximalists over the years. He even tied his company’s fate to Bitcoin and amassed a massive BTC reserve. 
<h2 style="text-align: justify" id="latest-bitcoin-news">Latest Bitcoin News</h2> 
MicroStrategy recently announced a $700 million debt issuance. The company issues bonds with various maturities and interest rates to buy Bitcoin with the proceeds. Saylor’s company generates cash this way to buy more Bitcoin and profits from this move. MSTR shares traded like a proxy Bitcoin ETF before the ETF approval in January 2024. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-362476 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/06/saylor-btc.png" alt="" width="668" height="558"> 
Since there is no spot BTC ETF for US citizens, they bought MSTR shares holding a massive BTC reserve. BlackRock and others held billions of dollars in MicroStrategy shares for their clients. The company’s announcement regarding the bond issuance includes the following details: 
<blockquote> 
 “The bonds will be MicroStrategy’s unsecured, senior obligations and will bear interest at an annual rate of 2.25%, payable semi-annually on June 15 and December 15 of each year, beginning on December 15, 2024. The bonds will mature on June 15, 2032, unless earlier repurchased, redeemed, or converted in accordance with their terms. MicroStrategy intends to use the net proceeds from the sale of the notes to purchase additional Bitcoin (BTC) and for general corporate purposes.” 
</blockquote> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/michael-saylor-increases-bitcoin-holdings-through-debt-issuance/" data-wpel-link="internal">Michael Saylor Increases Bitcoin Holdings Through Debt Issuance</a></h5>

Michael Saylor Increases Bitcoin Holdings Through Debt Issuance

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