Bitcoin

Pepe

Billion

Higher

Time

Software firm and the largest corporate <a href="https://insidebitcoins.com/news/cathie-wood-sees-bitcoin-heading-for-650k-as-rfk-says-most-of-his-wealth-is-in-btc" rel="noopener noreferrer nofollow">Bitcoin</a> holder, MicroStrategy, has announced its plans to raise an additional $1.75 billion to buy BTC less than 24 hours after the company disclosed its latest $4.6 billion purchase.
The $1.75 billion will be raised through senior convertible notes with a 0% interest rate. This funding will be used “to acquire additional bitcoin and for general corporate purposes,” MicroStrategy <a href="https://www.microstrategy.com/press/microstrategy-announces-proposed-private-offering-of-1-75b-of-convertible-senior-notes_11-18-2024" rel="noopener noreferrer nofollow">said</a> in a Nov. 18 statement.
<img decoding="async" src="https://cdn.cryptonews.com.au/2024/06/21121817/62124MSBC-1200x675.jpeg" alt="MicroStrategy Boosts Bitcoin Holdings with $786 Million Purchase, Totalling 226,331 BTC">
<h2 id="span-style-font-weight-400-microstrategy-holds-over-10-time-more-btc-than-marathon-digital-span">MicroStrategy Holds Over 10 Time More BTC Than Marathon Digital</h2>
At current prices, MicroStrategy could purchase another 19,065 BTC if the company were to allocate the entire $1.75 billion toward buying Bitcoin. This would add to MicroStrategy’s substantial holdings in the leading crypto.&nbsp;
Data from <a href="https://bitcointreasuries.net/" rel="noopener noreferrer nofollow">Bitcoin Treasuries</a> shows MicroStrategy holds 331,200 BTC, valued at over $30.3 million. This is over 10 times more than the second largest institutional <a href="https://insidebitcoins.com/news/vaneck-says-bitcoin-will-record-repeated-all-time-highs-in-coming-months-hit-180k-by-2025" rel="noopener noreferrer nofollow">Bitcoin</a> holder, BTC mining giant Marathon Digital Holdings.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 MicroStrategy Announces Its Largest Purchase Yet: $4.6 Billion for 51,780 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>!
 “This mega-deal brings significant updates to the stats:
 – BTC Holdings: from 279,420 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> to 331,200 BTC – MSTR Realized Price: from $42,692 to $49,874 – MSTR MVRV: from 2.12 to 1.80 – Percentage… <a href="https://t.co/gNT4IY1fX9" rel="noopener noreferrer nofollow">pic.twitter.com/gNT4IY1fX9</a>
 — CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1858503563195949184?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 18, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The convertible notes offered by MicroStrategy in the $1.75 billion funding round will not include regular interest payments for bond holders. They will also be sold at a discount and will instead mature to face value if they are not converted before the maturity date in 2029. These notes will also give holders high priority in the event of a MicroStrategy bankruptcy or liquidation.
<h2 id="span-style-font-weight-400-microstrategy-adds-to-bitcoin-holdings-even-as-btc-s-price-hovers-at-all-time-high-span">MicroStrategy Adds To Bitcoin Holdings Even As BTC’s Price Hovers At All-Time High</h2>
MicroStrategy’s latest $4.6 billion purchase was made even after BTC recently established a new <a href="https://insidebitcoins.com/news/missed-bitcoins-all-time-high-flockerz-meme-coin-rockets-past-2-2m-in-presale-eyes-20x-gains" rel="noopener noreferrer nofollow">all-time high</a> at $93,434.36. Since reaching this new peak, BTC has <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">corrected</a> over 1% to trade at $91,710.70 as of 2:17 a.m. EST.&nbsp; In a Nov. 18 announcement, the company <a href="https://www.microstrategy.com/press/microstrategy-acquires-51780-btc-and-achieves-btc-yield-of-20-qtd-and-41-ytd-now-holds-331200-btc" rel="noopener noreferrer nofollow">disclosed</a> that it bought 51,780 BTC at an average price of $88,627 per coin in its latest purchase.
Proceeds from a share sale under an agreement with companies including TD Securities, Barclays Capital, The Benchmark Company, Canaccord Genuity, Cantor Fitzgerald, Maxim Group, Mizuho Securities and SG Americas Securities were used for the latest MicroStrategy Bitcoin buy.
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MicroStrategy Prepares For $1.75B Raise To Buy More Bitcoin Less Than 24 Hours After Latest $4.6B Purchase Disclosure

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