{"id":180707,"date":"2021-02-17T20:30:00","date_gmt":"2021-02-17T17:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/microstrategy-raising-600m-no-900m-to-buy-more-bitcoin\/"},"modified":"2021-02-17T20:30:00","modified_gmt":"2021-02-17T17:30:00","slug":"microstrategy-raising-600m-no-900m-to-buy-more-bitcoin","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/microstrategy-raising-600m-no-900m-to-buy-more-bitcoin\/","title":{"rendered":"# MicroStrategy raising $600M\u2026. no, $900M to buy more Bitcoin"},"content":{"rendered":"<p>&#8220;<strong># MicroStrategy raising $600M\u2026. no, $900M to buy more Bitcoin <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvZmI4Zjc1M2EtNTM0MC00OTI5LWIxMjUtMTRhOTM4YjM4MzIyLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Following a Tuesday announcement that MicroStrategy would be planning to buy $600 million in Bitcoin through a sale of convertible notes, the business intelligence firm has upped the ante by another $300 million.<\/p>\n<p>MicroStrategy <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.microstrategy.com\/en\/investor-relations\/press\/microstrategy-announces-pricing-of-offering-of-convertible-senior-notes_02-17-2021\">said<\/a> today it would be selling $900 million in convertible senior notes due in 2027 in a private offering to qualified institutional buyers. According to the firm\u2019s estimates, the proceeds of the sale will be roughly $879 million. It added, however, that it could be as high as $1 billion \u201cif the initial purchasers exercise in full their option to purchase additional notes.\u201d<\/p>\n<p>The business intelligence firm said it expected to close the offering on Friday, at which time it would \u201cacquire additional Bitcoin.\u201d With the price of the Bitcoin (BTC) reaching an all-time high of more than $51,000 today, MicroStrategy could soon have an additional 19,000 BTC in its coffers. <\/p>\n<p>MicroStrategy\u2019s initial $250 million Bitcoin investment last August has more than doubled, given the crypto asset&#8217;s recent bull run. The business intelligence firm has since purchased 16,796 BTC for $175 million in September, then 29,646 BTC for $650 million through the issuance of bonds in December. In addition, the firm bought 314 Bitcoin for $10 million in late January, and 295 BTC for $10 million earlier this month. <\/p>\n<p>Should the purchase go according to plan, the business intelligence firm would hold more than $3.5 billion of the crypto asset in its reserves, or roughly 90,000 BTC. This would mean the company would control 0.48% of Bitcoin\u2019s circulating supply.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/microstrategy-raising-600m-no-900m-to-buy-more-bitcoin\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# MicroStrategy raising $600M\u2026. no, $900M to buy more Bitcoin &#8221; Following a Tuesday announcement that MicroStrategy would be planning to buy $600 million in Bitcoin through a sale of convertible notes, the business intelligence firm has upped the ante by another $300 million. MicroStrategy said today it would be selling $900 million in convertible&#8230;<\/p>\n","protected":false},"author":1,"featured_media":180708,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvZmI4Zjc1M2EtNTM0MC00OTI5LWIxMjUtMTRhOTM4YjM4MzIyLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74937,74355,117,73711],"class_list":["post-180707","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin-price","tag-adoption","tag-business","tag-investments"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/180707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=180707"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/180707\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/180708"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=180707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=180707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=180707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}