The business intelligence firm is buying bitcoin again after a brief lull.
Michael Saylor defended his company’s debt-fueled, bitcoin buying spree over the last year by saying it continued to be a great investment.
The Virginia-based company now holds more than 105,000 bitcoins.
The Block.one subsidiary is set to go public via a SPAC merger this year.
Bitcoin’s near 50% decline from all-time highs surprised analysts as China’s crackdown fueled bearish sentiment.
The price on the $500 million bond has fallen by almost three points.
With the price of BTC just north of $29,000, it's little more than $3,000 a coin above the average price of $26,080 that CEO Saylor shelled out.
The business-intelligence software company said that as of June 21 it holds more than 105,000 bitcoins.
The company plans to sell up to $1 billion in stock to buy even more.
The announcement comes with news of a new bitcoin-holding subsidiary, MacroStrategy LLC.
The business intelligence firm originally planned to offer $400 million in senior secured notes.
The ETF would compete with similar funds applied for by Bitwise and Valkyrie.
Publicly traded business intelligence firm MicroStrategy (NASDAQ: MSTR) said it intends to offer $400 million senior secured notes to raise funds to purchase more bitcoin even as the bitcoin it already has will likely result in a massive impairment. In fact, the added purchase of bitcoin would seem to be a doubling down of sorts, […]
The Bitcoin Mining Council hopes to “manage concerns, especially from uninformed parties” about the cryptocurrency’s energy usage, Microstrategy CEO and bitcoin evangelist Michael Saylor said.
Crash in the leading cryptocurrency hitting related companies.