MicroStrategy Plans to Add $ 900 Million to Bitcoin Treasury! - News-Credit-Mortgage-Coin

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Wednesday, February 17, 2021

MicroStrategy Plans to Add $ 900 Million to Bitcoin Treasury!

 



Business intelligence firm MicroStrategy plans to raise $ 900 million to buy more Bitcoin (BTC), according to a February 17 press release. The press release includes the following statements:


"SHARES WILL BE SELLED IN A SPECIAL OFFER TO QUALIFIED CORPORATE BUYERS, BASED ON THE 144A RULE IN ACCORDANCE WITH THE SECURITIES LAW OF 1933 AS AMENDED."


It will issue exchangeable bonds on February 15, 2027.

The bonds will be unsecured, MicroStrategy's senior liabilities. The bills will not bear regular interest and the principal amount of the bills will not increase. The bonds will expire on February 15, 2027, unless they are repurchased, used or converted in accordance with their terms.

As we previously reported as Kriptokoin.com, the company initially announced that it will collect $ 690 million on February 16th. However, he later raised his bid to $ 900 million.

Yesterday, the price of Bitcoin rose to $ 50,000 on this news. At the time of writing, it is trading at $ 50,888.


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