In a strategic move that highlights growing confidence in cryptocurrencies, MicroStrategy revealed plans on June 13 to raise $500 million for a new purchase of Bitcoin (BTC).

The amount would come through an offering of convertible senior notes, which also has an option for an additional US$75 million. MicroStrategy is a business intelligence company that is a corporate holder of bitcoin tokens.

In its official statement, the company highlighted that the convertible senior notes, which are subject to market conditions and other factors, will mature in the year 2032. According to MicroStrategy, the issuance of these notes will be in a private offering to qualified institutional investors .

“MicroStrategy Incorporated today announced that it intends to offer, subject to market conditions and other factors, an aggregate principal amount of $500 million of convertible senior notes due 2032 in a private offering to persons reasonably believed to be qualified institutional buyers based on the Rule 144A under the Securities Act of 1933.

MicroStrategy also expects to grant initial purchasers of the notes an option to purchase, within a 13-day period beginning on and including the date the notes are first issued, up to an additional $75 million aggregate principal amount of the notes. ”.

According to the company, MicroStrategy intends to use the net proceeds from the sale of the notes to acquire additional bitcoins as well as for general corporate purposes.

It is worth remembering that, in March, in a strategic move, MicroStrategy revealed plans to capitalize on the financial market with a significant offer. The company reported at the time its intention to sell US$600 million in convertible senior notes due in 2030. The sale of the notes is not only a financial move, but also a bet on the future of Bitcoin. MicroStrategy reported its plans to allocate the net proceeds to purchasing more Bitcoin as well as meeting general corporate needs. This announcement once again highlighted the company’s vision for the long-term potential of cryptocurrencies, marking a substantial commitment to the digital asset market.


The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading cryptocurrencies carries a risk of financial loss.


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