{"id":274197,"date":"2021-06-14T18:15:00","date_gmt":"2021-06-14T15:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/microstrategy-could-hold-more-than-4b-in-bitcoin-after-latest-private-offering-and-crypto-purchase\/"},"modified":"2021-06-14T18:15:00","modified_gmt":"2021-06-14T15:15:00","slug":"microstrategy-could-hold-more-than-4b-in-bitcoin-after-latest-private-offering-and-crypto-purchase","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/microstrategy-could-hold-more-than-4b-in-bitcoin-after-latest-private-offering-and-crypto-purchase\/","title":{"rendered":"# MicroStrategy could hold more than $4B in Bitcoin after latest private offering and crypto purchase"},"content":{"rendered":"<p>&#8220;<strong># MicroStrategy could hold more than $4B in Bitcoin after latest private offering and crypto purchase  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvNDU1YTE1NzctNTRlNS00MmE3LTkwZTMtNmMwMGU2NjgzMmU5LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Business intelligence company MicroStrategy has completed its $500 million offering of secured notes, and said it plans to use the proceeds to purchase Bitcoin.<\/p>\n<p>In a Monday announcement, MicroStrategy <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.microstrategy.com\/content\/dam\/website-assets\/collateral\/financial-documents\/press-release-archive\/microstrategy-completes-500m-offering-of-senior-secured-notes-due-2028-with-bitcoin-use-of-proceeds_06-14-2021.pdf\">said<\/a> it had sold $500 million worth of senior secured notes in a private offering to buyers within and outside the United States. After deducting expenses, initial purchaser discounts, and commissions, the firm said the net proceeds were roughly $488 million, funds which it intends to use to buy Bitcoin (BTC).<\/p>\n<p>Since announcing its first $250 million BTC purchase in August 2020, MicroStrategy has made several major Bitcoin buys. At the time of publication, the firm\u2019s subsidiary, MacroStrategy, currently holds 92,079 BTC \u2014 roughly $3.8 billion. <\/p>\n<p>Should the price of the crypto asset stay near its current price of $40,936, the company may be able to purchase roughly 11,913 BTC. This would mean its total Bitcoin holdings would be worth more than $4.2 billion.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>MicroStrategy stock slides after announcing new $400M debt raise to buy Bitcoin<\/em><\/strong><\/p>\n<p>MicroStrategy announced the private offering on June 7, initially saying it intended \u201cto raise $400 million aggregate principal amount of senior secured notes in private offering,\u201d later saying it would increase the offering to $500 million. The company reportedly saw more than $1.6 billion worth of orders for the offering \u2014 four times the initial amount.<\/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-could-hold-more-than-4b-in-bitcoin-after-latest-private-offering-and-crypto-purchase\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# MicroStrategy could hold more than $4B in Bitcoin after latest private offering and crypto purchase &#8221; Business intelligence company MicroStrategy has completed its $500 million offering of secured notes, and said it plans to use the proceeds to purchase Bitcoin. In a Monday announcement, MicroStrategy said it had sold $500 million worth of senior&#8230;<\/p>\n","protected":false},"author":1,"featured_media":274198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvNDU1YTE1NzctNTRlNS00MmE3LTkwZTMtNmMwMGU2NjgzMmU5LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[90959,74937,117,73711],"class_list":["post-274197","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin-news","tag-bitcoin-price","tag-business","tag-investments"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/274197","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=274197"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/274197\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/274198"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=274197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=274197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=274197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}