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Institutional Bitcoin Bull MicroStrategy announced that it will issue $1.75 billion worth of bonds to buy more Bitcoin (BTC).
Revising this plan, MicroStrategy increased its planned bond issuance to $2.6 billion to buy more Bitcoin due to high demand.
Related News: <a href="https://en.bitcoinsistemi.com/breaking-microstrategy-bought-bitcoin-btc-michael-saylor-reveals-his-latest-purchases-2/" target="_blank" rel="noopener noreferrer nofollow">BREAKING: MicroStrategy Bought Bitcoin (BTC)! Michael Saylor Reveals His Latest Purchases!</a>
The company may purchase more Bitcoin with this move.
The change was announced by MicroStrategy founder Michael Saylor.
<blockquote>
 “MicroStrategy (Nasdaq: MSTR) today announced that it has increased its offering of $2.6 billion of 0% convertible senior notes due 2029.
 This offering is larger than the previously announced $1.75 billion aggregate principal amount of bond offering.
 MicroStrategy intends to use the net proceeds from the offering to purchase additional Bitcoin and for general corporate purposes.”
</blockquote>
As of 11/17/2024, MicroStrategy holds 331,200 BTC at an average price of $49,874, equivalent to approximately 16.5 billion.
<h2 id="new-ath-arrived">New ATH Arrived!</h2>
Following the MicroStrategy news, Bitcoin renewed its ATH by exceeding $94,000.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/microstrategy-which-announced-1-75-billion-private-bond-to-buy-bitcoin-changed-its-plan-upwards-new-record-hit-by-bitcoin/" rel="noopener noreferrer nofollow">MicroStrategy, Which Announced $1.75 Billion Private Bond to Buy Bitcoin, Changed Its Plan Upwards: New Record Hit by Bitcoin!</a>

MicroStrategy, Which Announced $1.75 Billion Private Bond to Buy Bitcoin, Changed Its Plan Upwards: New Record Hit by Bitcoin!

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