{"id":43878,"date":"2021-06-07T16:01:17","date_gmt":"2021-06-07T13:01:17","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=43878"},"modified":"2025-08-31T14:25:07","modified_gmt":"2025-08-31T11:25:07","slug":"microstrategy-to-raise-an-additional-400-million-to-buy-bitcoin","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/microstrategy-to-raise-an-additional-400-million-to-buy-bitcoin\/","title":{"rendered":"MicroStrategy to raise an additional $400 million to buy bitcoin"},"content":{"rendered":"<p>MicroStrategy Inc., the analytics software provider, announced a private placement of $400 million of senior convertible notes due 2028.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">MicroStrategy Announces Proposed Private Offering of $400 Million of Senior Secured Notes to acquire additional <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#bitcoin<\/a>. <a href=\"https:\/\/twitter.com\/search?q=%24MSTR&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$MSTR<\/a><a href=\"https:\/\/t.co\/ilhUt1M73j\">https:\/\/t.co\/ilhUt1M73j<\/a><\/p>\n<p>\u2014 Michael Saylor (@michael_saylor) <a href=\"https:\/\/twitter.com\/michael_saylor\/status\/1401879767943729154?ref_src=twsrc%5Etfw\">June 7, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The notes will be sold to accredited investors. The notes will carry senior status.<\/p>\n<p>The proceeds from the offering will be used to purchase bitcoin.<\/p>\n<p>According to <a href=\"https:\/\/www.buybitcoinworldwide.com\/treasuries\/\">Bitcoin Treasuries<\/a>, MicroStrategy owns 92,079 BTC valued at more than $3.37 billion.<\/p>\n<p>In August 2020, MicroStrategy<a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-becomes-the-first-nasdaq-listed-company-to-invest-part-of-its-capital-in-bitcoin\"> invested $250 million in bitcoin<\/a>. Later, the company&#8217;s board<a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-bets-another-175-million-on-bitcoin\"> approved a policy to ramp up investments<\/a> in the leading cryptocurrency using cash reserves.<\/p>\n<p>In December, the company issued convertible bonds<a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-raises-650-million-for-bitcoin-purchase\"> worth $650 million<\/a> to fund additional purchases of digital gold.<\/p>\n<p>In February 2021, the software provider<a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-raises-more-than-1-billion-in-debt-financing-to-buy-bitcoin\"> issued more than $1 billion in debt securities<\/a> and<a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-buys-more-bitcoin-for-1-026-billion\"> again deployed<\/a> the raised funds into cryptocurrency.<\/p>\n<p>In March, MicroStrategy acquired <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-invests-another-15-million-in-bitcoin\">328 BTC<\/a>, roughly <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-buys-another-205-btc-at-a-price-below-50000\">205 BTC<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-buys-additional-bitcoin-for-15-million\">262 BTC<\/a>. For $15 million the firm invested in digital gold <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-makes-a-further-15-million-investment-in-bitcoin\">in April<\/a> and<a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-adds-15-million-to-bitcoin-holdings\"> in May<\/a>. Later the company bought <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-invests-10-million-in-bitcoin\">229 BTC for $10 million<\/a>.<\/p>\n<p>Fong Le, MicroStrategy&#8217;s CFO, said bitcoin investments are the obligation of technology companies.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MicroStrategy Inc., the analytics software provider, announced a private placement of $400 million in senior convertible notes due 2028.<\/p>\n","protected":false},"author":1,"featured_media":43879,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1156,1207],"class_list":["post-43878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-institutional-investors-and-whales","tag-microstrategy"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43878","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=43878"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43878\/revisions"}],"predecessor-version":[{"id":43880,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43878\/revisions\/43880"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/43879"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=43878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=43878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=43878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}