MicroStrategy One of the largest public holders of Bitcoin in the world It has completed another convertible note offering to buy more BTC.
On June 20, MicroStrategy has announcedIt’s official that The company completes the previously announced offering of 2.25% convertible notes due in 2032.
The aggregate principal amount of the offering is $800 million, with net proceeds from the sale valued at approximately $786 million, after deducting initial buyer discounts and commissions. and the estimated costs of the offering MicroStrategy must pay
MicroStrategy It intends to use the net proceeds to purchase additional Bitcoin and for general corporate purposes.
in a separate announcement MicroStrategy reportIt said it purchased an additional 11,931 Bitcoin for $786 million using bond proceeds and excess cash for $65,883 per BTC.
As of June 20, MicroStrategy held a total of 226,331 BTC at a price of approximately $8.33 billion. at an average price of $36,798 per BTC
Despite investing heavily in Bitcoin, which has increased approximately 700% since the start of 2020, MicroStrategy It continues to report large losses in 2024, with a reported net loss of $53.1 million in the first quarter of 2024.
refer : cointelegraph.com
picture wccftech.com
The post MicroStrategy buys another 11,931 BTC after completing 29,384 million baht convertible bond offering appeared first on Bitcoin Addict.